Dealing Suspension Review and Update

Since the last formal dealing suspension review in April 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.

Last week the Board of Henderson Investment Funds Limited (HIFL), which is the authorised corporate director (ACD) for the fund, again formally reviewed the current dealing suspension and has agreed with the fund’s depositary that, based on the feedback from CBRE, the Janus Henderson UK Property PAIF (and its Feeder Fund) would remain suspended whilst there continues to be material valuation uncertainty across almost all of the fund’s direct property investments. As part of the regular monthly valuation CBRE advised us that they have only been able to remove the market uncertainty clause from three standalone supermarkets let to major operators.

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