Windows 10 or 11 the Shortcut Icon is blank when .ico file is located on a UNC Path (4371743)

Windows 10 or 11 the Shortcut Icon is blank when .ico file is located on a UNC Path

The .ico is not getting applied to the shortcut even when it's pointing to the right path with permission for everyone. This is happening only with the Windows 11 machines. 

If the shortcut is created using this format: microsoft-edge:https://support.quest.com and the .ico file located on a UNC it will work fine. 
If the shortcut is created using this format: C:\Program Files (x86)\Microsoft\Edge\Application, target: https://support.quest.com and the .ico file located on a UNC it will NOT work.