Woodford investors set for early 2024 payout if scheme passes

The dealing for voting has been set as as 4 December

clock • 4 min read

Investors in the former Woodford Equity Income fund should expect to receive the first distribution of the settlement fund in the first quarter of 2024, if a majority of creditors vote in favour of Link Fund Solutions’ settlement scheme.

In a practice statement letter published today (7 September), LFS laid out a timeline for the scheme, along with its view on the alternatives if creditors refuse to back it. On 10 October, LFS will attend a first court hearing to gain permission to call a meeting of scheme creditors to vote on their proposals, which, if granted, will allow investors in the former Woodford flagship to accept or reject the offer. From this hearing until 4 December, investors will be able to vote on the proposals via an online system, with a method for those lacking internet access also to be provided. ...

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