*UPDATED 21/09/2016* Columbia Threadneedle UK Property Authorised Investment Fund suspensions
UPDATED 21/09/2016 16:00
Columbia Threadneedle have advised they plan to lift the suspension on the Threadneedle UK Property Authorised Investment Fund on Monday 26 September 2016.
With immediate effect IFDS will accept postal instructions into the suspended funds and will be booked to the VP of 26 September.
From 12:00 on Friday 23 September, IFDS will accept all instructions into the suspended funds – this includes Post/Fax/Telephone/STP – and will be booked to the VP of 26 September.
UPDATED 19/07/2016 11:00
Please note all stock transfer instructions will be processed. Electronic Re-Registration is not available.
We have been supplied a statement from Columbia Threadneedle in regards to the suspension of the Threadneedle UK Property Authorised Investment Fund suspensions.
Columbia Threadneedle has temporarily suspended dealing in the Threadneedle UK Property Authorised Investment Fund (Threadneedle PAIF) and its feeder fund, Threadneedle UK Property Authorised Trust (Feeder Fund), with effect from 12 noon on Wednesday 6 July 2016. This action has been taken with the agreement of Citibank Europe Plc, UK Branch, the depositary of both funds, and the FCA has been notified.
We have taken the decision to protect the interests of all investors. We have recently experienced a significant increase in the number of investors requesting to sell their shares in the Threadneedle PAIF (and the Feeder Fund) due to uncertainty in the market following the UK Referendum result. So far, these requests have been met from the cash balance retained within the Threadneedle PAIF. However, it is expected that these requests to sell will continue for the time being. The temporary suspension of dealing protects the interests of all investors by allowing us sufficient time for the orderly sale of assets.
In summary, all instructions received prior to 12pm on Wednesday 6 July will be placed. All instructions received after 12pm on Wednesday 6 July 2016 will be rejected. This includes all sale, repurchase, stock transfer and conversion instructions.
Columbia Threadneedle Investments fund list