Woodford Income Focus suspended

Elevated redemptions expected

David Brenchley
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Woodford will continue to manage the fund
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Woodford will continue to manage the fund

Dealing in shares of Woodford Income Focus have been suspended immediately until further notice, Link Fund Solutions announced on Wednesday (16 October).

The news comes a day after ACD Link said it had sacked Neil Woodford as manager of Woodford Equity Income and would begin the winding up of the fund, which had been suspended since 3 June. Later in the day, Woodford Investment Management served notice it would be stepping down as manager of Income Focus and Woodford Patient Capital Trust and the company will be closed thereafter. 'Inevitable' but the 'right decision': Industry reaction to the closure of Woodford IM As a result of WIM's resignation, Link said it "expects that the redemptions in the Fund will reach a level whereby it...

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