Notice of reopening for dealing

The temporary suspension on the Carbon Neutral Real Estate Fund (incorporating the Carbon Neutral Real Estate LP and Threadneedle Carbon Neutral RE Trust collectively “the Fund”) will be lifted with effect from the valuation point on 31 August 2020. This decision follows the announcement from the Fund’s independent valuer, JLL, confirming that the material uncertainty clause in respect of the Offices sector was lifted with effect from 07 August 2020.

The decision has been taken by Threadneedle Portfolio Services Limited as manager of the LP (following consultation with the General Partner and Depositary) and Threadneedle Investments (Channel Islands) Limited as manager of the Trust (following consultation with the trustee). The Jersey Financial Services Commission (JFSC) has been informed.

Columbia Threadneedle aims to ensure the fair treatment of all investors in our funds, whether they are transacting now or investing for the longer term.

Sandy Wilson, Fund Manager for the Carbon Neutral Real Estate Fund, said: “We are delighted to re-open the Fund with effect from 31st August 2020. We appreciate that suspending dealings in the Fund may have caused some inconvenience for our clients, however the decision to suspend meant that no unitholders would be disadvantaged and ensured the fair treatment of all investors.”

Carbon Neutral Real Estate Fund invests directly in UK commercial property. We continue to believe property should form a part of a balanced portfolio for a long-term investor.

We thank our clients for their understanding during this unprecedented time.