Woodford investors set for first Link settlement payment as ACD makes distribution


James Baxter-Derrington
clock • 1 min read

Investors in the former Woodford Equity Income fund are set to receive their first payout as a result of the scheme of arrangement, with creditors owed a share of the initial £186m distribution.

The initial settlement account distribution has today (28 March) been paid by Link Fund Solutions for a total £185,717,355.72, with all shareholders receiving an even share of the sum. Creditors will receive their payment in the same method they have received all previous capital distributions from the fund, although the vast majority will likely not see their capital until April, given intermediaries will have to process the distributions. FCA reasserts proposed Woodford redress is 'subset of total losses' as sanction decision delayed Investors will have to wait until September to...

To continue reading this article...

Join Investment Week for free

  • 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