With effect from 12 noon on 10 October 2022, Columbia Threadneedle Investments temporarily suspended dealing in the CT UK Property Authorised Investment fund (PAIF) and its feeder fund, CT UK Property Authorised Trust.

Columbia Threadneedle has taken this step because the amount of cash in the fund had fallen to a level whereby future redemption requests could not be met without the sale of property assets.

This means that investors are unable to buy or sell shares in the CT UK Property Authorised Investment fund (PAIF) or its Feeder Fund, CT UK Property Authorised Trust, until further notice. This action has been taken following approval by the funds’ depositary, Citi UK Trustee & Fiduciary Services, and the FCA has been notified.

The CT UK Property Authorised investment fund (PAIF) and its Feeder Fund, CT UK Property Authorised Trust, will continue to be priced daily and income will continue to be paid whilst dealing in the Fund is suspended.

The fund can still be found on our Recommended list but, in order to highlight its current suspended status, an explanatory note has been added to the factsheet.