Woodford investors to receive second payment on 25 March

Additional £141.7m sold

Investment Week
clock • 4 min read

Link Fund Solutions has updated shareholders stuck in Neil Woodford's LF Equity Income fund with news of a second capital distribution to be paid on or around 25 March.

So far, the sales of assets since the last distribution made on 31 January have generated an additional £141.7m as of 10 March, equivalent to 19.9% of the fund's assets at the time. Based on this estimated total distribution amount, investors will have received a total of £2.3bn from the fund's assets being sold, with the next payment expected in their accounts on 25 March. Meanwhile, Link has also decided to extend the accounting date for the fund from 31 December 2019 to 31 March 2020, but said this change will not affect the two scheduled income distributions. First distribution...

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

Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

'The sector should be flying — but it isn't'

Darius McDermott
clock 08 May 2025 • 5 min read
Why China's journey to net zero demands investors' attention

Why China's journey to net zero demands investors' attention

China's journey towards net zero could yet prove more rapid than expected

Gabriel Sacks
clock 07 May 2025 • 4 min read
Morningstar CEO: Advisers and industry need 'shared language' around risk

Morningstar CEO: Advisers and industry need 'shared language' around risk

Kapoor points to UK regulation becoming more ‘goals focused’

Sahar Nazir
clock 07 May 2025 • 2 min read