Update: Aberdeen lifts suspension on UK Property fund

Suspension was previously extended

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Update: Aberdeen lifts suspension on UK Property fund

Aberdeen Asset Management has lifted the trading suspension on its £2.7bn UK Property fund and feeder fund, allowing investors to resume dealing at a 17% diluted price.

Any orders placed during the suspension period will have been rejected and new trades will now need to be re-submitted after midday today. The group originally announced trading in the funds had been suspended until 7 July at midday in order to allow shareholders who have placed trades to have the option to withdraw if they wish, before extending this until 11 July‎ and finally 13 July. Bank of England warned by FCA of property fund outflow risks Today, the company said that if future trading in the fund reverts to lower levels, it would expect to lower or remove the 17% price dilu...

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