Just makes it undeletable, unopenable, and worthless.
Try it yourself.
Hello Moddingear,
I was able to reproduce this issue on our end. I have written up a report and I have submitted it to the developers for further consideration. I have provided a link to the public tracker. Please feel free to use the link provided for future updates.
Link: Unreal Engine Issues and Bug Tracker (UE-39578)
Make it a great day