Aegon AM issues second payment to property investors

£6m payment

Aegon Asset Management is set to initiate the process of its second pro rata distribution to investors in its UK property vehicle tomorrow (16 November).

Investors in the now-terminated Aegon Property Income fund and its feeder will receive a further £6m, representing 2.83% of the value of the funds at 11 November, which should arrive in their bank accounts "on or around" 19 November. Costs to Aegon Property Income investors rose 56% despite management fee discount The payout is significantly smaller than its initial £168m distribution, however the managers noted that "market activity is slower in the summer months" and the fund is returning cash to investors as a result of the one completed sale it has made since its first capital ret...