Aberdeen Asset Management has lifted the trading suspension on the £580m Aberdeen UK Property fund and feeder fund, allowing investors to resume dealing at a 17% diluted price.
Any orders placed during the suspension period will have been rejected and new trades will now need to be re-submitted after midday today. The group originally announced trading in the funds had been suspended until 7 July at midday in order to allow shareholders who have placed trades to have the option to withdraw if they wish. The company said that if future trading in the fund reverts to lower levels, it would expect to lower or remove the dilution adjustment, and the price would then revert to a level reflective of longer-term property values. It said: "It is important to note...
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