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*UPDATED 17/10/2016* Standard Life Investments - UK Real Estate Fund Suspension

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UPDAETD 17/10/2016 09:00

Please note all trading into the Standard Life Investments UK Real Estate Funds has now resumed


UPDATED 26/09/2016 15:30

We have been supplied a statement from Standard Life Investments in regards to the UK Real Estate Fund (“the Fund”) and its associated Feeder Fund suspensions:

“We are pleased to advise you that it is our intention to lift the suspension in dealing in the Standard Life Investments UK Real Estate Fund and its associated Feeder Funds at 12 noon on Monday 17 October 2016. Dealing instructions to purchase, redeem, switch or convert shares will be accepted from Wednesday 28 September 2016, ahead of the fund re-opening, and kept on file where they will all be processed on Monday 17 October 2016 at that day’s 12 noon valuation point. All deals received, regardless of size, will be treated equally and processed at the first valuation point.”

In summary all sale (purchase), repurchase (redeem), switches, conversion and stock transfer instructions will be accepted from 8am on Wednesday 28 September 2016 and will be kept on file until the first valuation point of 12pm Monday 17 October 2016.

Please note, instructions can only be submitted via Fax or Post.

From 8am on Monday 17 October, instructions can be submitted by Telephone, EMX, Calastone or Electronic Re-Registration for the first valuation point of 12pm Monday 17 October 2016.



UPDATED 6 July 2016 15:00

The underlying message from the Fund Group remains the same, however the following summarises how transactions will be handled on behalf of Standard Life Investments:

All sale, repurchase and conversion instructions received after 12pm on 5 July 2016 will be rejected whilst stock transfers received via Fax will be processed. Please note Electronic Re-Registration is not available for the suspended funds.



IMPORTANT INFORMATION ABOUT THE STANDARD LIFE INVESTMENTS UK REAL ESTATE FUND, THE STANDARD LIFE INVESTMENTS UK REAL ESTATE INCOME FEEDER FUND AND THE STANDARD LIFE INVESTMENTS UK REAL ESTATE ACCUMULATION FEEDER FUND

Standard Life Investments has suspended all trading in UK Real Estate Fund (“the Fund”) and its associated Feeder Funds with effect from 12:00 noon on the 4 July 2016. All deals received after this point will be subject to suspension provisions. Further details can be found at our website: http://pdf.standardlifeinvestments.com/exported/pdf/email_links/Important_Information_UK_Real_Estate_Funds.pdf

The outcome of the EU referendum clearly has significant implications across financial markets in general. The resulting increased uncertainty around the impact for the UK commercial real estate market has resulted in a rapid increase in redemption requests. This has led to significant liquidity pressures for the Fund. In circumstances such as this, it can be necessary to introduce certain controls over the programme of asset sales required to meet redemption requests.

The decision has therefore been taken to suspend dealing within the Fund (and its associated Feeder Funds), so as to protect the interests of all investors and not to unnecessarily compromise the range, mix and quality of the existing portfolio of assets. Whilst it is not normal business practice to suspend dealing within the Fund (or its associated Feeder Funds), we feel this decision reflects a period of exceptional market circumstances. The suspension will cease as soon as practicable, and will be formally reviewed at least every 28 days.


Please click here for fund details.

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