Aegon Property Income fund will close on 9 August

12-24 months to return investor capital

James Baxter-Derrington
clock • 2 min read
As of 30 June 2021, the fund had reached a net current assets level of 43.4%.
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As of 30 June 2021, the fund had reached a net current assets level of 43.4%.

The Aegon Property Income and feeder funds will close on 9 August 2021, with investors set to receive at least 40% of the funds’ value on or around 12 August.

According to an investor Q&A, it will take 12 to 24 months to liquidate the portfolio in its entirety, and investors can expect to receive further payments to the initial 40% on "at least a quarterly basis". Suspended property funds collect £40m in management fees over 2020 Aegon Asset Management will continue to receive a reduced annual management charge of 0.6% throughout the closure period and will facilitate cash payments through a reduction in the number of units rather than a reduction of the net asset value (NAV) of the fund. As of 30 June 2021, the fund had reached a net cu...

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