Link adds to unlisted investment in former Woodford fund

In a letter to investors trapped in the former Neil Woodford managed fund, the authorised corporate director announced it had joined with other shareholders to "make a further investment" in Mafic, a basalt fibre and thermoplastic resin producer founded in 2015. "After carefully considering all relevant information, we considered this action to be in investors' best interests; specifically, this short-term investment protected the value of the asset and maximised likely future proceeds of sale," the letter explained. Woodford investors 'must be prepared to go all the way to trial' ...