On 9 September 2020, Columbia Threadneedle announced that it intends to lift the temporary suspension of dealing in the Threadneedle UK Property Authorised Investment Fund (PAIF) and its feeder fund, Threadneedle UK Property Authorised Trust, on 17 September 2020.
The fund temporarily suspended dealing on 18 March 2020 following the deployment of a material uncertainty clause by the fund’s independent property valuer, CBRE. This meant the valuer was unable to provide an appropriate level of certainty regarding the valuation of the fund’s assets, given uncertainty in the market in light of the Covid-19 pandemic.
CBRE confirmed on 9 September 2020, that it had removed the material uncertainty from the assets held by the fund. As a result, the fund will reopen on 17 September 2020.
Further information can be found at www.columbiathreadneedle.co.uk/funds/uk-property-fund-changes
The fund continues to feature on our Recommended list.
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