Aegon issues fifth distribution as property fund wind-up approaches anniversary

Further £18m

James Baxter-Derrington
clock • 1 min read
Some funds have been retained in order to finance commitments to “ongoing asset management initiatives”.
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Some funds have been retained in order to finance commitments to “ongoing asset management initiatives”.

Aegon Property Income is set to return a further £18m to investors as managers continue to offload the remaining assets.

As part of the fifth pro-rata distribution, around 12% of the value of the funds as at 31 May 2022 will be returned, with investors set to receive their share on or around 30 June 2022. LGIM's Crossley: Shunning open-ended property funds is a 'travesty' for investors Since the last distribution, managers have sold four assets for a value of £20.35m with one further property under offer. Another six remain in the market, valued at around £51.5m, while the final £56m will enter the market in the latter half of the year. Some funds have been retained in order to finance commitments t...

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