The Woodford Equity Income fund (WEIF) has breached UCITS rules limiting the amount of unquoted stocks a fund can hold to 10% once more after two of its investee companies de-listed from their stockmarkets.
Artificial intelligence platform Benevolent AI and cold fusion firm Industrial Heat de-listed from the Guernsey-based International Stock Exchange, Woodford Investment Management told clients in a note...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow