Termination of Janus Henderson UK Property PAIF (the Fund) and Janus Henderson UK Property PAIF Feeder Fund (the Feeder). Together “the Funds” - Update

Further to our letter dated 28 April 2022 advising that we were starting the process of terminating the Funds, and our more recent website update confirming that the sale of the property assets completed on 31 May 2022, we are pleased to set out the remaining steps in returning proceeds to you.

What are the remaining steps in closing the Funds?

For non-Janus Henderson ISA investors, we can confirm that today, we have instructed payment to return monies to you. If we have your bank details on file, monies should be received by you on 22 June 2022. Otherwise, a cheque will be posted to you and you should receive it shortly thereafter. Details of the final price achieved will be included in the contract note that we will also send to you.

We are pleased to confirm that the final redemption prices for all classes of the Funds are above the last quoted bid prices (published on 28 April 2002). Detailed below is an example comparison of the final price for the Janus Henderson UK Property PAIF A Accumulation share class compared to the last published quoted bid price for that class from 28 April 2022.

If you invested in an income share/unit class, you will also receive the final income distribution (declared 29 April 2022 and payable 28 June 2022). We have used the A Accumulation share class by way of an example above. The experience for an income class investor should be comparable when income distributions are taken into account

Should you have any queries on this communication please contact the SS&C Distributor Client Services Team, our contact details can be found by clicking here.

Please fund below a list of affected share classes