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Property Income Fund

A sub fund of Aegon Asset Management UK Investment Portfolios ICVC

ISIN: GB00BK6MJB36 SEDOL: BK6MJB3

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Fund Price

Closure of funds - update 30 November 2022

On 9 July 2021 Aegon AM (‘we/us’) confirmed that the Aegon Property Income Fund and the Aegon Property Income Feeder funds would close on 9 August 2021.

To date we have distributed £251m, representing 66% of the NAV on closure.

 

On 2 December we will initiate the process of making the sixth pro-rata distribution to shareholders. We will distribute £26.3m, representing over 28% of the value of the Funds as at 28 November 2022. This should be received on or around 7 December 2022. As previously if we hold an investor’s bank account details then we will pay this distribution by bank transfer, otherwise a cheque will be issued. We will also issue contract notes detailing the amount paid.

 

Since our last distribution, the Fund has sold five assets for £30.7m.  We have two further assets exchanged for sale at £2.6m and six assets under offer at c.£33m. The remaining two assets are in the market for sale and we hope to have these under offer by the year end. 

 

We are continuing the process of selling the remaining properties in the Fund in a fair and orderly manner, aiming to return capital to shareholders as soon as is practicable, while optimizing sale value. We have committed to making further distributions to shareholders on at least a quarterly basis if enough properties have been sold in that period to enable us to make a material distribution.

 

Further information

A copy of the shareholder notice issued on 9 July and an updated Q&A document can be found in the document library at the bottom of this page.


We publish a monthly factsheet, which can be downloaded at the top of this page.


For further information, please contact our client management team by emailing wholesaleclientmanagement@aegonam.com. Alternatively, individual investors should contact their financial adviser or fund platform.

Fund price

Price

Frequency

Daily

Valuation Point

13:00

Central European Time, (GMT+01)

Fund details

Performance

Investors are invited to compare the Fund’s performance against the performance of other funds within Investment Association UK Direct Property Sector. Comparison of the Fund against this Sector will give investors an indication of how the Fund is performing compared with funds investing in a similar but not identical investment universe. The above comparison should be performed over at least a 7 year period (or period since inception) to provide the most useful long term comparison.

Source: Lipper, noon prices, GBP. Aegon Property Income Class B Gross Accumulation GBP, Figures are ‘percentage growth’ (%), total return net of annual management charge (single swinging priced funds, NAV to NAV) (dual priced funds, bid to bid). Kames Property Income Fund, B Gross (Acc) shares. Investment Association UK Direct Property Sector average source Lipper. The Fund was previously measured against a median of a bespoke group of peers.

Documents

Quick Access

All documents

Aegon Property Income Fund Shareholder Notice 9 July 2021.pdf

(173KB) PDF

Aegon Property Income Fund Q&A 30 November 2022.pdf

(242KB) PDF

Aegon Property Income Fund Interim Announcement June 2021.pdf

(141KB) PDF

27 April 2021 Fund Suspension Update..pdf

(170KB) PDF

30 March 2021 Fund Suspension Update.pdf

(170KB) PDF

2 March 2021 Fund Suspension Update.pdf

(168KB) PDF

2 February 2021 Fund Suspension Update.pdf

(168KB) PDF

5 January 2021 Fund Suspension Update.pdf

(170KB) PDF

8 December 2020 Fund Suspension Update.pdf

(301KB) PDF

11 November 2020 Fund Suspension Update.pdf

(301KB) PDF

14 October 2020 Fund Suspension Update.pdf

(171KB) PDF

16 September 2020 Fund Suspension Update.pdf

(143KB) PDF

19 August 2020 Fund suspension update

(138KB) PDF

1 July 2020 Fund suspension update.pdf

(142KB) PDF

24 July 2020 Fund suspension update.pdf

(144KB) PDF

3 June 2020 Fund suspension update.pdf

(143KB) PDF

6 May 2020 Fund suspension update.pdf

(222KB) PDF

24 April 2020 Distribution update.pdf

(220KB) PDF

9 April 2020 Fund suspension update.pdf

(221KB) PDF

17 March 2020 Fund suspension letter.pdf

(231KB) PDF

Fund suspension Q&A.pdf

(214KB) PDF

Aegon Property Income Feeder (Income) Fund Annual Report - 31 March 2022.pdf

(894KB) PDF

Aegon Property Income Feeder (Income) Fund Interim Report - 30 Sept 2022.pdf

(507KB) PDF

Aegon Property Income Fund Annual Report - 31 March 2022.pdf

(938KB) PDF

Aegon Property Income Fund Interim Report - 30 Sept 2022.pdf

(564KB) PDF

Aegon AM UK Sustainability Risks and Impacts Policy 2021

(282KB) PDF

Fund managers

Richard Peacock

Richard Peacock

European Head of Real Estate Equity

Richard Peacock is the European head of equity for real assets, and the lead portfolio manager for the UK Strategic Property Fund.

Full profile
Karen Fox

Karen Fox

Property Fund Manager

Karen Fox, Property Fund Manager, is a member of the UK Real Assets Team, and manages the Aegon Property Income Fund.

Full profile

Disclaimer

Past performance is not a guide to future performance. The fund is intended to be a long term investment and the principal risk is the loss of capital.

 

The value of investments and the income from them may go down as well as up and is not guaranteed. Outcomes, including the payment of income, are not guaranteed.

 

Any investment objective, benchmark and yield information should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

 

Fund Charges are taken from capital, increasing distributions but constraining capital growth. Please be aware that each fund presents its own risk profile. Before making an investment decision, please read the KIID for an explanation and refer to the prospectus for information about all relevant risks, including all material risks for this fund. 

 

Aegon Asset Management is not responsible for the accuracy or completeness of the information supplied by Lipper. Aegon Asset Management neither warrants, represents nor guarantees the contents of the information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein.