Investors in the former LF Woodford Equity Income fund are stuck without their remaining capital until at least 2022, according to the latest investor update from Link Fund Solutions.
There is no definitive time period either for the fifth capital distribution or the completion of the fund's wind-up, which still consists of nine holdings. Link to 'vigorously defend' Woodford legal claim In the update, investors were told Link continues to "make progress regarding the sale of the remaining assets" and "it is hoped that the sale of the remaining assets will be concluded in 2022". However it is "not possible to provide a definitive end date". This date has shifted from "late 2021", which the firm told investors may be the end of the process in its 31 March 2021 up...
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