Former Woodford fund – fourth capital distribution confirmed

Link Fund Solutions has today written to investors in the former Woodford Equity Income fund confirming the fourth capital distribution they will receive.

News of the next tranche of payment from the winding up of the Woodford fund by Link will be cautiously welcomed by investors with a further £97m likely to be paid on 11 December but won’t represent much of a Christmas present given the scale of overall losses on the fund for many investors.

This payment stems from the previously announced sale of assets to Acacia along with additional sales that have been made in recent months. This fourth payment represents around 1/3rd of the remaining value in the fund with Link indicating that a further payment could be made early next year.

However, this won’t be the end of the matter with further assets still to be sold and indications that this process is unlikely to be completed until mid to late 2021, meaning that it is likely the winding up process will have taken approaching two years.

Read the latest update for investors in the former Woodford Equity Income fund.

These articles are for information purposes only and are not a personal recommendation or advice.