March 18, 2020 / 1:52 PM / 18 days ago

BRIEF-Legal & General suspends retail property funds

March 18 (Reuters) - Legal & General Group PLC:

* LEGAL AND GENERAL SAYS L&G UK PROPERTY FUND AND L&G UK PROPERTY FEEDER SUSPENDED, AFTER VALUERS INVOKED MATERIAL VALUATION UNCERTAINTY CLAUSE DUE TO CORONAVIRUS

* LEGAL AND GENERAL SAYS SUSPENSION HAS BEEN ENACTED AS A TEMPORARY MEASURE, TAKING ACCOUNT OF THE FCA RULES ON ILLIQUID ASSETS AND OPEN ENDED FUNDS. Source text for Eikon: Further company coverage: (Reporting By Sinead Cruise)

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