UK Mortgages Ltd. (LSE:UKML) said on October 27, 2020 that it has conducted a strategic review and will put two options on its future to shareholders, with one proposal being an orderly wind-down of the closed-ended investment company. The company concluded a review of strategy which it kicked off back in August, 2020 after M&G Investment Management Ltd. abandoned its takeover bid of the firm. "The review has identified two potential options that would, in the view of the board and its advisors, provide a clear path to the company's objectives announced in August of enhanced liquidity as well as a narrowing and removal of the discount at which UKML shares trade versus UKML's net asset value," UK Mortgages said. "The options are to either: continue operating as a publicly traded investment company under a revised mandate offering increased focus on enhancing liquidity and returns; or to proceed with an orderly wind-down of the company and returns of capital to its shareholders".