Woodford's Edinburgh trust slides on to a discount as sell-off continues

The trust fell as much as 5% to 545.5p this morning, before recovering marginally to trade down 3.2% at 554p, following a 5% fall yesterday afternoon. Winterfloods said the trust had moved from an average premium of 1.7% over the last 12 months to close at a discount of 0.6% last night. This morning, as selling continued, it widened out to a 4% discount to NAV. The trust has been hit by a combination of investors exiting and falls across some of its key holdings, including Capita, which sold off after the announcement Woodford is exiting Invesco Perpetual next April to launch his o...