Woodford Equity Income investors set for third payment amid fire sale

Majority of assets now sold

Mike Sheen
clock • 2 min read

Woodford Equity Income investors are set for their third payout from the collapsed fund, which has now sold off the majority of its assets and commenced the offloading of a £220m basket of healthcare holdings.

The fund's authorised corporate director Link Fund Solutions told investors in a letter today that the vehicle now has around $58m in cash available for distribution, with further sales set to bolster that figure "over the next three weeks". Link managing director Karl Midl said the payments will be made via one single distribution to investors with available cash as opposed to "a series of smaller distributions". The ACD told investors it would write to them again "on or around" 19 August, detailing the total amount available for the fund's third capital distribution, while the firm ...

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

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read
IFAs look to boost clients' private markets exposure

IFAs look to boost clients' private markets exposure

Expect increase in stock market volatility

Jen Frost
clock 02 July 2025 • 2 min read
Winds of change: Private markets access for retail investors

Winds of change: Private markets access for retail investors

Investing in LTAFs, accessibility aside, needs careful consideration

Dorian Hughes
clock 02 July 2025 • 5 min read