PSPS Property - active Fund - End of temporary deferral of redemption requests.

We recently advised you that the PSPS Property – active Fund had applied a temporary deferral on redemption requests (see news article ‘PSPS Property - active Fund - temporary deferral of redemption requests’).

We are pleased to announce that the temporary deferral has been lifted. Withdrawals will continue to be monitored as normal.

Why was there a temporary deferral and why has it now been lifted?

The temporary deferral was put in place due to market uncertainty following the Brexit vote. Conditions are now such that the fund managers of the PSPS Property – active Fund are confident that the interests of investors are served best by ending the temporary deferral of payments.

I sent a transaction instruction during the temporary deferral. What will happen to my request?

If you instructed us to make a transaction that could not be implemented while the deferral was in place, we will write to you explaining what your options are now regarding your transaction request.