Threadneedle UK Prpty Authrsd Invmt INA

The aim of the Company is to grow the amount the investor invested. The Company is a Property Authorised Investment Fund ("PAIF") for tax purposes. The Company will typically invest at least two-thirds of its assets, either directly or indirectly, in commercial real estate in the United Kingdom which is used for business purposes. The Company may also invest in shares, bonds, gilts, and other funds. The Company may invest in other assets including cash to efficiently manage the Company. Any income the Company generates will be paid to the investor, unless the investor has chosen to have it reinvested. The investor can buy and sell units in the Company on any day that is a business day in London. The investor can find more detail on the objective and investment policy of the Company in the "Investment Objective, Policy and other Details of the Company" section of the Prospectus. Recommendation: this Company may not be appropriate for investors who plan to withdraw within 5 years.