Dealing Suspension Review and Update
Since the announcement of dealing suspension on 4 March 2022, good progress has been made regarding the sale of the entire property portfolio to a single buyer. We are not yet at the stage where we can provide more detail, as discussions are ongoing and remain commercially sensitive. We remain optimistic that a deal can be done. As discussions continue, our estimated target date for paying proceeds back to investors has pushed out a little from the end of April to mid-May 2022.
The Board of Janus Henderson Fund Management UK Limited, which is the authorised corporate director (ACD)/Manager for the Funds, has formally reviewed the dealing suspension. The Board has agreed with the Fund’s depositary that our UK Property PAIF (and its Feeder Fund) should remain suspended whilst we continue to make progress on a sale of the entire property portfolio to a single buyer.
The dealing suspension, therefore, remains in place until further notice. A further update will be provided within the next 28 days, or more likely sooner, as the sale process progresses.