On 31 December 2024, the Board of Directors of OP Fund Management Company Ltd decided to temporarily suspend fund unit redemptions and subscriptions for OP-Public Services Real Estate and OP-Rental Yield special common funds.
We will suspend the subscriptions and redemptions for the funds because we want to protect the interests of the unitholders and safeguard their equal treatment.
The situation in the real estate market has been exceptional for quite a long time. For example, the number of larger-scale property sales has been clearly lower than usual. By suspending orders, we will make sure that the fund does not need to sell its high-quality real estate investments on a stalled market at a price significantly lower than their fair market value since this would not be in the best interests of the unitholders.
The suspension is temporary, we will inform unitholders of any changes
We are closely monitoring the market situation. We aim to reopen the funds for subscriptions and redemptions as soon as the real estate market stabilises. We will inform unitholders of any new developments and changes as soon as there is something new to tell.
More information is also available in the Q&A document that provides answers to questions about the suspension of orders for the real estate funds.
- Read more here
- Read more about OP-Rental Yield special common fund
- Read more about OP-Public Services Real Estate special common fund