Columbia Threadneedle Investments has announced plans to change the pricing approach on its Threadneedle Property Authorised Investment fund (PAIF) and UK Property Authorised trust from 12 April.
The group said the adjustment is designed to simplify the pricing structure for the funds, improve transparency and provide greater clarity regarding buy and sell prices for investors. Currently dual priced on a quoted-spread basis, the funds will change to being dual priced on a full-spread basis. This means tat costs associated with buying and selling properties will always be incorporated into the quoted offer and bid price (typically 6.4% to buy and 1.3% to sell UK commercial property). The new prices will better reflect changes in the funds' underlying assets as they will no long...
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