Woodford Equity Income investors set for third payment amid fire sale

Majority of assets now sold

Mike Sheen
Neil Woodford's Equity Income fund was suspended in June 2019

Neil Woodford's Equity Income fund was suspended in June 2019

Woodford Equity Income investors are set for their third payout from the collapsed fund, which has now sold off the majority of its assets and commenced the offloading of a £220m basket of healthcare holdings.

The fund's authorised corporate director Link Fund Solutions told investors in a letter today that the vehicle now has around $58m in cash available for distribution, with further sales set to bolster...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Funds

Andrew Harmstone of Morgan Stanley Investment Management

Deep Dive: Look for catalysts of outperformance

Strong rally in equities

Andrew Harmstone
clock 22 October 2021 • 3 min read
The Aegon Global Sustainable Sovereign Bond fund will be managed by government bond specialists within Aegon AM’s global fixed income platform

Aegon launches Global Sustainable Sovereign Bond fund at COP26

Strategy will be seeded with £100m from Aegon UK workplace pension fund

Pedro Gonçalves
clock 22 October 2021 • 2 min read
Thomas Coughlin of Kinesis Money

Fool me twice: The lessons we are yet to learn in the 100 years since Weimar hyperinflation

Need to recognise inherent flaws in current system

Thomas Coughlin
clock 22 October 2021 • 3 min read