Important information about property valuation

30 June 2016

London - Following the outcome of the recent referendum and the subsequent response by capital markets, we have taken the precaution of moving from monthly to weekly valuations for the M&G Property Portfolio Fund and its feeder fund.

Based on property transactions they have seen to date the independent valuers, Knight Frank, have indicated that there has been a downward movement of just under 1% which has been recorded in today’s valuation.

We will continue to monitor the situation closely.