Aegon issues fifth distribution as property fund wind-up approaches anniversary

As part of the fifth pro-rata distribution, around 12% of the value of the funds as at 31 May 2022 will be returned, with investors set to receive their share on or around 30 June 2022. LGIM's Crossley: Shunning open-ended property funds is a 'travesty' for investors Since the last distribution, managers have sold four assets for a value of £20.35m with one further property under offer. Another six remain in the market, valued at around £51.5m, while the final £56m will enter the market in the latter half of the year. Some funds have been retained in order to finance commitments t...