Update: M&G Property Portfolio suffers contract delays as suspension continues
Raising cash levels
The funds were first suspended on 4 December 2019
M&G Investments' stricken property fund has suffered "delays to contractual agreements" due to coronavirus-related market uncertainty as the firm continues to attempt to sell assets.
M&G said it had sold a further £4.9m of assets and exchanged a further £39.8m since its February update, taking total assets that have exchanged or are under offer to £296.8m. Assuming all these assets...
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