Aegon Property Income wind up records first quarter with no distribution

5.1% cash level

James Baxter-Derrington
clock • 1 min read

The closure of Aegon Property Income has slowed, with the fund failing to issue a quarterly distribution for the first time since it began winding down in August 2021.

According to a 30 September 2022 update, the fund has exchanged one asset for £9.5m and as of 27 September had three assets under offer for £21m. To date, £251m has been issued across five pro rata distributions, representing 66% of the net asset value on closure. UK property funds impose liquidity limits While the fund is not required to issue distributions at any set point, its Q&A document sets out an aim to make payments "on at least a quarterly basis". The remaining £118m in assets under management are currently held 94.9% in property and 5.1% in net current assets, compris...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week