Woodford Equity Income investors are set for their third payout from the collapsed fund, which has now sold off the majority of its assets and commenced the offloading of a £220m basket of healthcare holdings.
The fund's authorised corporate director Link Fund Solutions told investors in a letter today that the vehicle now has around $58m in cash available for distribution, with further sales set to bolster that figure "over the next three weeks". Link managing director Karl Midl said the payments will be made via one single distribution to investors with available cash as opposed to "a series of smaller distributions". The ACD told investors it would write to them again "on or around" 19 August, detailing the total amount available for the fund's third capital distribution, while the firm ...
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