Ichigo Hotel REIT Proposes Governance and Fee Structure Changes

Ichigo Hotel REIT Investment Corp. (JP:3463) has released an update.

Ichigo Hotel REIT Investment Corporation has announced proposals for changes to its Articles of Incorporation, including a reduction in the upper limit on Director compensation, a cap on the number of Directors, amendments to investment scopes and asset valuation methods, and adjustments to its asset management fee structure to better align with shareholder interests. These proposals are set for approval at the upcoming Sixth Shareholder Meeting on October 26, 2024. The company aims to tighten governance, expand its investment framework, and ensure fees are reflective of shareholder value.

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