Link expects a fourth capital distribution of "up to" £97.6m, with a further letter to be sent to investors "on or around 9 December"
Link Fund Solutions has confirmed the healthcare assets sold from the Woodford Equity Income fund were transferred to Acacia Research Corporation on 3 December, as investors were dealt a further blow by the writedown of the fund’s holding in Ombu Group.
Link said the completion of its sale of a 19-strong portfolio of healthcare companies to Acacia in June for more than £220m as part of the winding of the now LF Equity Income fund had facilitated a fourth capital distribution on 11 December. Meanwhile, the sale of portfolio holding Ombu, a specialist investor in early and growth stage environmental technologies, to a fund anchored by venture capital firm Hambro Perks was confirmed on Monday (21 December). Further writedown deals another blow to former Woodford shareholders The deal for Ombu was worth £30m, according to weekend repo...
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