Link returns £20m to Woodford investors in first distribution since 2020

Distribution comes with warning sales will stretch into 2023

James Baxter-Derrington
clock • 1 min read

Link Fund Solutions has warned investors that the winding up of the former Woodford Equity Income fund is likely to last into the second half of 2023, dragging the closure into its fourth year.

The warning comes as part of a letter to investors published yesterday (6 October), with the former authorised corporate director suggesting investors will need to reset any expectations they may have. "Investors are reminded that the assets that remain to be sold are the less liquid assets of the fund and it is expected that some of these assets may not be sold before mid-2023," wrote managing director Karl Midl. This marks the fifth capital distribution of the LF Equity Income fund and the first in almost two years, with around £20m set to be returned to investors. The final amount ...

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

AllianceBernstein bags two SDR labels on deadline day

AllianceBernstein bags two SDR labels on deadline day

Focus labels dominate market

Cristian Angeloni
clock 02 April 2025 • 3 min read
Investors take group action against RL360 over collapsed funds

Investors take group action against RL360 over collapsed funds

Claim brought to Isle of Man to seek compensation for losses

Isabel Baxter
clock 27 March 2025 • 2 min read
Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Catch up on the discussion

Professional Adviser
clock 25 March 2025 • 1 min read