Aegon Property Income fund will close on 9 August

According to an investor Q&A, it will take 12 to 24 months to liquidate the portfolio in its entirety, and investors can expect to receive further payments to the initial 40% on "at least a quarterly basis". Suspended property funds collect £40m in management fees over 2020 Aegon Asset Management will continue to receive a reduced annual management charge of 0.6% throughout the closure period and will facilitate cash payments through a reduction in the number of units rather than a reduction of the net asset value (NAV) of the fund. As of 30 June 2021, the fund had reached a net cu...