Since the last formal dealing suspension review on 4 December 2020, further progress has been made regarding property sales from the Janus Henderson UK Property PAIF. Despite the continued challenging conditions, a number of transactions have exchanged and completed as we head towards the end of 2020.
The Board of Henderson Investment Funds Limited, which is the authorised corporate director (ACD) for the Fund, has again 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 the outstanding property disposals conclude. We will provide a more detailed update in January about the progress made to the end of this year and our plans for the Fund in the first quarter of 2021.
The dealing suspension, therefore, remains in place until further notice. The situation and progress on property sales continue to be the main area of focus of the ACD and the investment team to ensure the funds are well placed to meet redemption requests on reopening and that the characteristics of the fund are maintained. A further update will be provided within the next 28 days, or sooner should the situation change.