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...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
