Woodford Equity Income to remain gated until December

In an investor letter Link Asset Services said keeping the fund gated until December provides "a realistic amount of time for Woodford to complete a measured and orderly re-positioning of the fund's portfolio". "We have considered various alternatives and have decided that the best option in the interests of all investors is for the suspension of dealings to continue," the letter said. "We anticipate that the suspension of dealing is likely to last until early December while we implement the strategy to re-position the portfolio in order for the fund to be re-opened at that time, and ...