M&G Property Portfolio asset sales post Brexit

M&G believes suspension is the best way to protect the interests of all the Fund's shareholders. It allows the fund manager time to raise cash levels in a controlled manner so that asset disposals can be achieved at reasonable values.

M&G aims to reopen trading in the fund as soon as practically possible - once conditions in the commercial property market become more normal and the fund manager has raised sufficient cash in the portfolio.

The figures below provide information regarding asset sales that have taken place during the period 24 June to 5 August 2016.

M&G Property Portfolio completed Sales since 24 June – 5 August

M&G Property Portfolio completed Sales since 24 June - 5 August
Asset Disposals
Value of completed sales £107.5
Number of assets sold
12
Value of assets in solicitors hands
>£100m
Fund cash position (%)
6.6%