Login

Aberdeen extends suspension of property funds as FCA issues guidance

Aberdeen Fund Managers Limited has extended the temporary suspension of the Aberdeen UK Property Fund and the Aberdeen UK Property Feeder Unit Trust by a further two days to provide additional time for investors to "consider their options in these exceptional circumstances, and [ensure] that all customers are treated fairly". The decision comes after the financial services watchdog called on investors to be given more time by funds to consider their options.
CoStar News
July 11, 2016 | 3:46 P.M.

Aberdeen said in an announcement today: "Any remaining investors who submitted redemption requests between 12 noon on 5 July and 12 noon on 6 July 2016 and would like to amend or cancel the trade should urgently contact their intermediary or platform."

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In