trending Market Intelligence /marketintelligence/en/news-insights/trending/41rN-XfvQ9hfA0jMy1BWAg2 content esgSubNav
In This List

Aberdeen cuts dilution adjustment on UK property funds


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Banks’ Response to Rising Rates & Liquidity Concerns

Aberdeen cuts dilution adjustment on UK property funds

reducedthe dilution adjustment on its Aberdeen U.K. Property Fund and Aberdeen U.K.Property Feeder Unit Trust a few days after reopening the funds, resulting in a 7.5% uplift on theirdealing price.

A fair value adjustment of 7%continues to be applied to the underlying property portfolio.

Aberdeen said the reduction reflectsthe reduced volume of redemptions experienced over the past week, as well asthe fact that cash levels of the funds have been rebuilt following completionof a select number of property disposals. The dilution adjustment figure stilltakes into account the potential need to dispose of properties more quicklythan normal.

The company said it would expectto further lower or remove the dilution adjustment if future trading in thefunds continues to revert to more normal levels. On the other hand, thedilution adjustment could rise if redemptions from the funds increase and cashlevels are again depleted.