The M&G Property portfolio remains suspended, according to the latest update, as both the fund's authorised corporate director and depositary continue to agree they can "best protect the interests of all its investors by continuing the temporary suspension in dealing in its shares".
Originally suspended on 4 December 2019 due to "unusually high and sustained outflows", which the firm attributed to "Brexit-related political uncertainty and ongoing structural shifts in the UK retail sector", the update has also restated that its independent value, Knight Frank, continues to apply a statement of material uncertainty to its valuation, which it has since 17 March 2020. Update: M&G Property Portfolio suffers contract delays as suspension continues The fund has also cited the lockdown leading to transactions in commercial real estate stalling, noting that it currently h...
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