Henderson to lift suspension on UK Property PAIF in mid-October

Re-opening on 14 October

Jayna Rana
clock • 2 min read

Henderson Global Investors has announced its intention to re-open the £3.4bn UK Property PAIF and its associated feeder fund from 14 October, following its most recent dealing review.

The decision means client subscriptions and redemptions for acceptance may be placed with Henderson at any time from the 21 September. Henderson said this notice period gives the chance for investors to make informed decisions and any necessary preparations ahead of the re-opening. The group said good progress in asset sales has enabled the re-establishment of a liquidity buffer while maintaining a high quality, diversified portfolio with a strong tenant base and asset mix. Henderson announced the temporary suspension of all trading in its UK Property PAIF and feeder fund as at 6...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Autumn Budget 24: Reeves sets 20% IHT rate on AIM shares

Autumn Budget 24: Reeves sets 20% IHT rate on AIM shares

Chancellor unveils 50% relief

Cristian Angeloni
clock 30 October 2024 • 1 min read
Cash in Conversation: A poll for financial advisers

Cash in Conversation: A poll for financial advisers

Professional Adviser
clock 29 October 2024 • 1 min read
The challenges and opportunities for active managers

The challenges and opportunities for active managers

'We believe good active managers always have a place in a portfolio'

Darius McDermott
clock 29 October 2024 • 5 min read