Trading deferred in Canada Life's UK property funds
ACD Link Fund Solutions issues 185-day notice period
Canada Life adds to the mounting list of open-ended property funds affected by Covid-19
Investors in Canada Life's UK property funds have had their ability to trade hampered by authorised corporate director, Link Fund Solutions (LFS), which has issued a six-month Limited Redemption Arrangement.
While nine UK open-ended property funds and their feeder funds suspended trading last week due to the coronavirus pandemic, causing independent property valuers to declare a "material uncertainty of valuations",...
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