Update: Link completes Woodford-Acacia deal as LF Equity Income value reduces after Ombu deal
Total distribution to investors nears £2.5bn
Link expects a fourth capital distribution of "up to" £97.6m, with a further letter to be sent to investors "on or around 9 December"
Link Fund Solutions has confirmed the healthcare assets sold from the Woodford Equity Income fund were transferred to Acacia Research Corporation on 3 December, as investors were dealt a further blow by the writedown of the fund’s holding in Ombu Group.
Link said the completion of its sale of a 19-strong portfolio of healthcare companies to Acacia in June for more than £220m as part of the winding of the now LF Equity Income fund had facilitated a fourth...
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