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*UPDATED 14/12/2016* Aviva Investors Property Trust fund suspension

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UPDATED 14/12/2016 17:30

We have received the below updated communication from Aviva.

"We are pleased to confirm that dealing in the Trust resumed at the midday valuation point on 15 December 2016. You can provide us with dealing instructions using any of the normal methods which were available to you prior to the temporary suspension of dealing.

We want to thank you for your patience throughout this process and apologise for the inconvenience this may have caused you."


 

UPDATED 30/11/2016 16:45

We have received the below updated communication from Aviva.

“We are pleased to confirm that dealing in the Trust will resume at the midday valuation point on 15 December 2016. Any valid instructions we have received to buy or sell units in the Trust in advance of this valuation point will be carried out using the unit price calculated at this time.”

Please note all valid sale and repurchase instructions submitted via Fax or Post until 11:59 Thursday 15 December will be dealt at the midday valuation point on the Thursday 15 December.

Telephone Dealing will be available from 12:01 on Wednesday 14 December.

All STP systems (CTN/EMX/Electronic Re-Registration) will be available from 12:01 on Wednesday 14 December.

Stock Transfers and Unit Conversions will continue to be processed as normal.


UPDATED 18/10/2016 12:00

For clarification, all sale and repurchase instructions submitted via Fax or Post for the suspended Aviva Investor Property Trust will be held in a queue until the next available valuation point.

All STP systems are restricted (CTN/EMX/Electronic Re-Registration)

Stock Transfers and Unit Conversions will continue to be processed as normal.

Please continue to refer to this news story where any updates will be added if received.




UPDATE 6 JULY 2016 15:00

Please note Electronic Re-Registration is not available for the suspended funds.



UPDATE 6 JULY 2016 12:10

We have received the below updated communication from Aviva. For clarification all sales and repurchase instructions received after 12pm on 5 July 2016 will be rejected, whilst stock transfers and conversions will be processed.

The extraordinary market circumstances, which are impacting the wider industry, have resulted in a lack of immediate liquidity in the Aviva Investors Property Trust. Consequently, we have acted to safeguard the interests of all our investors by suspending dealing in the fund with immediate effect.

Suspension of dealing means that we cannot accept instructions to buy, sell or switch units within the Trust until further notice. We were intending to convert the Trust into a PAIF with effect from 15th July 2016. As the Trust is suspended from dealing until further notice we are unable to proceed with our plans at the present time but it remains our intention proceed with the conversion when feasible.

Please click here for a list of the affected funds.



UPDATE 5 JULY 2016 17:00


All sales and repurchases that have been placed for today's VP are being cancelled. Where these have been placed via EMX or CTN we expect that a rejection message will be issued.

Should further information become available regarding future dealing instructions it will be updated on the IFDS Portal.  



We have been supplied the following update from Aviva Investors in regards to the suspension of the Aviva Investors Property Trust Fund.


The extraordinary market circumstances, which are impacting the wider industry, have resulted in a lack of immediate liquidity in the Aviva Investors Property Trust. Consequently, we have acted to safeguard the interests of all our investors by suspending dealing in the fund with immediate effect.

Suspension of dealing means that we cannot accept instructions to buy, sell, transfer or switch units within the Trust until further notice. We were intending to convert the Trust into a PAIF with effect from 15th July 2016. As the Trust is suspended from dealing until further notice we are unable to proceed with our plans at the present time but it remains our intention proceed with the conversion when feasible.


Please click here for a list of the affected funds.

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