DEALING SUSPENSION REVIEW AND 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 will be a Property Authorised Investment Fund (PAIF) for tax purposes at all times.
The Fund invests at least 60% of its assets in UK commercial real estate and in shares and bonds of UK companies in the real estate industry.
The Fund may also invest in other assets including cash and bank deposits, money market instruments, non-UK commercial real estate, residential real estate, funds (collective investment schemes including exchange traded funds) and real estate outside of the UK.
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 THIS FUND
- Portfolio with a broad mix of high-quality properties across UK regions and sectors, with a South East bias, that are well-placed to benefit from long-term consumer, demographic, and technological trends.
- Focuses on location, tenant strength, lease length, lease structure, building quality, and sustainability considerations.
- Highly experienced investment team with support from more than 500 property specialists.
RATINGS AND AWARDS
Ratings for this fund include: