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M&G Property Portfolio to continue suspension from trading

M&G Property Portfolio to continue suspension from trading

M&G Property Portfolio's (GB00B89X8P64) suspension from trading is to continue to allow its managers to raise more cash without having to conduct a fire sale of assets. M&G Investments said that that doing this will allow the fund’s managers to carry on raising cash to meet investor redemptions in an orderly fashion, while preserving value for those who remain in the fund over the long term. The fund has been suspended since 4 December due to high levels of investor redemptions, at a time when Brexit uncertainty and ongoing structural shifts in the UK retail sector had made it difficult to sell commercial property.

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