Dealing Suspension Review and Update

Since the last formal dealing suspension review in June we have continued to closely monitor market conditions and hold regular discussions with CBRE, the appointed independent valuer of the Janus Henderson UK Property PAIF. CBRE has advised us that material uncertainty no longer applies to the valuation of the fund’s industrial and logistics properties. As a result of this update, the amount of the fund’s portfolio that is no longer subject to material uncertainty is 46.5% (using the end of June valuation).

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 a large number 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 both from a valuation perspective and to ensure that the fund is well placed to meet any redemption requests on reopening. A further update will be provided within the next 28 days, or sooner should the situation change.

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