Trading suspended in high profile investment.
Woodford Equity Income Fund trading suspension
All dealing in the Woodford Equity Income fund was suspended on 4 June 2019 by the Authorised Corporate Director (Link Fund Solutions). The decision means that investors are currently unable to purchase, sell or transfer their holdings within the fund until such time as the suspension is lifted.
A decision such as this is never taken lightly by all parties concerned and is done so to protect the current underlying investors.
It has been widely reported that the fund has suffered significant redemptions over the past year or so and the manager (Neil Woodford) has been actively repositioning the underlying investments to reduce the number of unquoted and less liquid holdings, albeit it is a process that takes time.
The suspension will remain in place until further notice, allowing the process mentioned above to continue and we will keep investors informed as and when the situation changes.
If you hold the Woodford Equity Income Fund in your account(s) with us, please refer to our frequently asked questions for further information.
Neil Woodford has also answered some questions in the below video.