Cost to Woodford investors revealed

In a letter to investors, the fund's ACD announced that £2.2bn, equivalent to 75.55% of the value of the assets of the fund, has been generated through the sale of assets. After removing costs, £2.1bn has been made available for the first capital distribution for the fund. Costs include fees accrued during the wind-up, outstanding costs for managing the fund and "estimated further funding and commitments in relation to investments of the fund". The letter also noted that investors are due to receive a proportionate share of a regular income distribution totalling £9.2m on 28 Februa...