Aegon Property Income Wind Up Records First Quarter With No Distribution

According to a 30 September 2022 update, the fund has exchanged one asset for £9.5m and as of 27 September had three assets under offer for £21m.

To date, £251m has been issued across five pro rata distributions, representing 66% of the net asset value on closure.

UK property funds impose liquidity limits

While the fund is not required to issue distributions at any set point, its Q&A document sets out an aim to make payments "on at least a quarterly basis".

The remaining £118m in assets under management are currently held 94.9% in property and 5.1% in net current assets, comprised of cash and short-term assets and liabilities.

Of the 15 remaining properties, 65.5% is held in offices, 23.8% in retail and 10.7% in leisure.

RECENT NEWS

Gyrostat Capital Management: The Hidden Architecture Of Consequences

When Structures Themselves Become A Risk In portfolio construction, risk is rarely where we look for it.... Read more

Gyrostat November Outlook: The Rising Cost Of Doing Nothing

Through the second half of 2025, markets have delivered a curious mix of surface tranquillity and instabi... Read more

Gyrostat Capital Management: Blending Managers - From Style Diversification To Scenario Diversification

The Limits of Traditional Diversification For decades, portfolio construction has ... Read more

Gyrostat October Outlook: Beneath The Calm, The Cost Of Protection Rises

 Even as global equity indices remain near record highs, the pricing of risk is shifting quietly ben... Read more

Gyrostat Capital Management: Solving The Nastiest Problem In Finance

Retirement Income and Sequencing Risk Executive Summary ... Read more