A material uncertainty clause has been added in to the property valuations of each of the TIME Long Income funds by their respective independent valuers, caused by the outbreak of the Novel Coronavirus (COVID-19). Consequently, dealing in the shares of TIME:Commercial Long Income, TIME:Social Long Income and TIME:Freehold (along with their feeder trusts) has, in accordance with FCA rules, been suspended effective of 9am on 18 March 2020. This is in common with other authorised open-ended property funds, which have also suspended this week on the same material uncertainty basis.
Please read the Q&A here for more information.
Please note that TIME:UK Infrastructure Income remains unaffected by this change.