07:39 AM EDT, 07/02/2025 (MT Newswires) -- DRI Healthcare Trust (DHT-UN.TO, DHT-U.TO) over the Canada Day holiday period said it has completed the internalization of its investment management function.

"We believe that our new structure will lead to better strategic alignment of interests with unitholders and stronger governance with greater transparency, ultimately benefitting all stakeholders," said Executive Chair Gary Collins.

The management agreement with DRI Capital was terminated in exchange for a $48 million termination fee and the relevant assets of DRI Capital were acquired for $1 million, a statement said.

DRI Capital also agreed to indemnify the Trust for damages relating to irregularities related to certain alleged consulting and other expenses charged to DRI Healthcare, first reported last July.