UK Mortgages Ltd. (LSE:UKML) said it will review its future strategy after M&G Investment Management Ltd. abandoned its takeover bid for the company. Earlier in August, the closed-ended investment company had said it would launch a strategy which would seek to maximise value, provide pathway to enhanced liquidity, and narrow or remove share price discount to net asset value. It added that the review "would not consider a formal sale process" or merger. Chair Chris Waldron on August 17, 2020 said: "While the offer period has now ended the board is very aware of the feedback from shareholders received through the period. The board is committed to ensuring that the review of future strategy provides shareholders with a strategy that delivers a clear pathway to enhanced liquidity as well as a narrowing and removal of the discount at which the shares trade versus the net asset value".