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

Advisers have opportunity to deepen private market engagement

Advisers have opportunity to deepen private market engagement

Most client allocations to private markets are either 5%-10% or 1%-5%

Isabel Baxter
clock 18 November 2024 • 2 min read
Royal London cuts number of governed range portfolios

Royal London cuts number of governed range portfolios

Renaming remaining portfolios to reflect level of investment risk

Jenna Brown
clock 18 November 2024 • 1 min read
AJ Bell cuts fees across multi-asset income range

AJ Bell cuts fees across multi-asset income range

£1.5bn of inflows this year

Beth Brearley
clock 14 November 2024 • 1 min read