In order to satisfy recent redemption requests, the managers are often a forced seller of securities at prices substantially below valuations.  In the current environment this has resulted in selling the better quality liquid securities, which has marginally diminished the overall quality of investments in the funds.  It is not in the best interest of unitholders as a whole to allow this to continue.

The manager will often decide that the temporary suspension of applications and redemptions of units in the funds is in the best interests of all investors.  Many investors are prudently still taking a long term view of less liquid property investments and it would be inequitable to allow some investors to redeem their unit holdings to the detriment of other investors who may not subsequently be able to redeem their unit holdings.

When this happens, redemptions cease, applications cease and dividend re-investment sometimes ceases.  Distributions (i.e. profits) usually continue, but sometimes at a reduced rate in an effort to build some reserves.