DEALING SUSPENSION UPDATE
Janus Henderson UK Property PAIF (the Fund) and its Feeder Fund remain suspended for dealing
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.
The Fund aims to provide a high and increasing level of income as well as capital growth over the long term (5 years or more). The Fund is a dedicated Feeder Fund to the Janus Henderson UK Property PAIF.
The Fund provides exposure to UK commercial real estate by investing (in normal circumstances) solely in the Janus Henderson UK Property PAIF (the Master Fund). The investment returns of the Fund will be very similar to those of the Master Fund, though could differ because the funds are treated differently for tax purposes and because the Fund may not be wholly invested in the Master Fund at all times due to the need to hold cash for administrative purposes (e.g. the payment of fees and distributions).
The Fund may also hold cash.
The investment manager may use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the IA UK Direct Property sector average, which is based on a peer group of broadly similar funds, as this can provide a useful comparator for assessing the Fund’s performance.
The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.
About the feeder fund
The Janus Henderson UK Property PAIF Feeder Fund is a unit trust for those investors who cannot, or do not wish to, invest directly in the Janus Henderson UK Property PAIF. The Feeder Fund solely invests in shares in the PAIF and should therefore broadly perform in line with the PAIF. Further information on the PAIF, fund literature and manager updates can be found on the main UK Property PAIF fund page.