The investment objective is to carry on Property Investment Business and to manage cash raised from investors for investment in the Property Investment Business as further described below. HM Revenue & Customs has confirmed to the ACD that the Company meets the requirements to qualify as a PAIF under regulation 69O of the Tax Regulations. The objective of the Company is to achieve a high income together with some growth of both income and capital. The Company aims to invest at least 60% of its assets in commercial property and shares of property related companies. It may also invest in residential property and, subject to the Tax Regulation, in non property-related securities, units/shares in collective investment schemes(including those managed by Janus Henderson), money market instruments, deposits, derivatives and forward foreign exchange contracts.