Link invests more into Woodford stock Mafic

Fund now sits at £124.3m

Link Fund Solutions has made a further investment of £360,000 into basalt manufacturer Mafic, despite being in the process of winding up its fund.

In a letter to investors in the LF Equity Income fund, formerly the LF Woodford Equity Income fund, Link managing director Karl Midl said that "as part of its objective of seeking to preserve capital value", it had made a "limited number of follow-on investments" in the last three months. "We did not anticipate making further investment in Mafic at the time of our previous letter to investors, but we believe that this further investment was in investors' best interests as the company seeks to move to increased production," it added. Woodford investors remain in limbo until 2022 at ear...