Dealing Suspension Review and Update

Since the last formal dealing suspension review in May we have continued to closely monitor market conditions and have had regular discussions with CBRE, the appointed independent valuer of the Janus Henderson UK Property PAIF. Although CBRE has advised us that material uncertainty no longer exists in certain additional segments of the UK property market, our fund has no investment exposure to these areas and so the amount of the fund subject to material valuation uncertainty remains unchanged from our last update.

The Board of Henderson Investment Funds Limited (HIFL), which is the authorised corporate director (ACD) for the fund, has again formally reviewed the current dealing suspension. The Board has agreed with the fund’s depositary that, based on the feedback from CBRE, the Janus Henderson UK Property PAIF (and its Feeder Fund) should remain suspended whilst there continues to be material valuation uncertainty across almost all of the fund’s direct property investments.

The dealing suspension, therefore, remains in place until further notice. The situation will continue to be monitored by the ACD with a further update provided within the next 28 days, or sooner should the situation improve.

UK Property PAIF Suspension Letter
UK Property PAIF Suspension Q&A