The Woodford Equity Income fund (WEIF) will remain closed for a further 28 days, its authorised corporate director Link Fund Solutions confirmed on Monday (23 September).
In its fourth update since the fund was suspended on 3 June, Link said "it remains in the best interests of all investors for the suspension of dealings to continue". It added it had communicated the decision, taken in conjunction with the fund's depositary, Northern Trust Global Services SE, to the regulator, the Financial Conduct Authority. Link added that it continues to "monitor progress of the repositioning of the fund's portfolio against the December timeline" for the reopening of the fund. Fund manager Neil Woodford has been busy selling down his holdings in less liqui...
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