Woodford investors to receive second payment on 25 March

Additional £141.7m sold

Investment Week
clock • 4 min read

Link Fund Solutions has updated shareholders stuck in Neil Woodford's LF Equity Income fund with news of a second capital distribution to be paid on or around 25 March.

So far, the sales of assets since the last distribution made on 31 January have generated an additional £141.7m as of 10 March, equivalent to 19.9% of the fund's assets at the time. Based on this estimated total distribution amount, investors will have received a total of £2.3bn from the fund's assets being sold, with the next payment expected in their accounts on 25 March. Meanwhile, Link has also decided to extend the accounting date for the fund from 31 December 2019 to 31 March 2020, but said this change will not affect the two scheduled income distributions. First distribution...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

FCA launches consultation on private stock market

FCA launches consultation on private stock market

Move follows Mansion House commitment

Linus Uhlig
clock 17 December 2024 • 3 min read
Partner Insight: Is FOMO overruling investment basics?

Partner Insight: Is FOMO overruling investment basics?

In 2020 we introduced our bubbles chart showing how concentrated investors were in a particular theme. Four years on we look at what, if anything, has changed, and what it means for investors going forward.

Orbis Investments
clock 16 December 2024 • 3 min read
Special situations: How to spot a good management team

Special situations: How to spot a good management team

'We prefer management teams that are considered rather than overly promotional'

Henry Flockhart and Andy Gray
clock 10 December 2024 • 5 min read