LF Equity Income Payments

Payments of the first capital distribution from the LF Equity Income Fund (formerly Woodford Equity Income) have now been made to investors. These have been stock sales from the liquid part of the portfolio, representing just over 70% by value. The residual assets of the LF Equity Income fund are illiquid unquoted stocks which will take longer to sell. However …

Woodford Equity Income Fund

It has been announced today that the Woodford Equity Income fund will be wound up. Previously the intention was to re-open the fund once illiquid unquoted stocks were sold but this is now considered not to be in investors’ best interests. The decision was made by Link Fund Solutions Ltd, the Authorised Corporate Director (ACD) of the fund not Woodford …

Woodford Equity Income Fund

It will not have escaped your notice that one of the UK’s best fund managers in the last 20-25 years, Neil Woodford has gone from hero to zero in the last few years. In an unprecedented move trading in his flagship fund, the Woodford Equity Income has been suspended. In investment speak it has been “gated,” meaning investors cannot sell …