Q2 2015 Quarterly Report for the underlying fund of P27 FPIL Glanmore Property Fund
11 August 2015
We have received the 2nd quarter report for 2015 from The Glanmore Property Fund Limited (“Glanmore”) for the underlying fund into which P27 FPIL Glanmore Property Fund invests.
The key points from this latest report are:
- “For the twelve months to 30 June 2015, the (underlying) unit price increased by 26.24%”
- “The Board is currently reviewing all the Fund’s strategy to include the dividend and redemption policies…. The Board is exploring the option of converting the Fund from an open ended structure to a closed ended UK REIT.”
- There will be an EGM towards the end of this year at which recommendations will be made by the Board of Glanmore.
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, as and when it is made available.
A copy of The Glanmore Property Fund Limited 2nd quarter report for 2015 is available on request.
Should you have any questions regarding this update, please contact International Funds & Investments.