Link Asset Services has released details for the first capital payment as a result of the Woodford Equity Income fund being wound-up. Link have stated the following:
"All investors will receive notification today, 28 January 2020, of the amount they will receive in relation to their holding(s) in the Fund. This first capital distribution will be paid to your nominated bank account on or around 30 January 2020. If you hold the investment through a fund platform you may receive your payment a few days after 30 January due to the time it may take for your platform to process your payment.
| Share Class Name |
Fund ISIN Code |
Pence per share |
| C Sterling Accumulation |
GB00BLRZQ737 |
58.6631p |
| C Sterling Income |
GB00BLRZQ620 |
48.2426p |
This first capital distribution will be reflected in the Net Asset Value of the fund on the payment date, being on or around 30 January 2020. This means that the number of shares that you hold in the Fund will remain the same but the price per share will reduce to reflect the value paid out by way of the first capital distribution of the fund on that date."
For a copy of the letter issued by Link Asset Management, please see the following link:
As soon as we have any further information, we will be sharing this in order to keep you updated.
- uploaded - 28 January 2020