Q1 2015 Quarterly Report for the underlying fund of P27 FPIL Glanmore Property Fund
20 May 2015
We have received the 2015 quarter 1 report from The Glanmore Property Fund Limited (“Glanmore”) for the underlying fund of P27 FPIL Glanmore Property Fund.
In the report, Glanmore have advised:
"The Directors are exploring every avenue to extract maximum value for shareholders and ensure assets are not disposed of in any process which could be unattractive to current shareholders. In the event that the Board do not anticipate new capital being raised it may be that an orderly wind down of the Fund is the most appropriate action. The Board will advise you as soon as the long term strategy has been defined."
Please note that the P27 FPIL Glanmore Property Fund remains suspended until further notice. We will keep you informed of any further news from Glanmore regarding their review of the options, as and when it is made available.
A copy of The Glanmore Property Fund Limited 2015 1st quarter report is available on request.
Should you have any questions regarding this update, please contact International Funds & Investments.