Woodford fund suspensions
Update as of 30 July 2019
Update as of 30 July 2019 Link Fund Solutions has decided that it's in the best interests of all investors to continue to suspend the Woodford Equity Income Fund. They anticipate that the suspension of dealing is likely to last until early December 2019. Read the official statement for full details of this announcement.
On 3 June 2019 Link Fund Solutions, the Authorised Corporate Director of LF Woodford Equity Income Fund, suspended dealings in the fund’s accumulation and income shares with immediate effect. The suspension is intended to protect investors in the fund and to give Woodford Investment Management time to reposition the part of the fund’s portfolio that is currently invested in unquoted and less liquid stocks into more liquid investments.
During the suspension we cannot accept any requests to buy, sell or transfer shares in the fund. We are monitoring the situation closely and are in frequent contact with Woodford Investment Management. This page will be updated as soon as we have any more news about the suspension and when it is likely to be lifted.
We have also decided to restrict new investments in LF Woodford Income Focus Fund, though investors will still be able to withdraw money from the fund. The restrictions are a temporary and precautionary measure that we have taken in the best interests of our customers. They will apply to lump sum investments, regular savings plans, switches and income reinvestments.
Please note that we have made the decision on Woodford Income Focus Fund independently. It does not reflect any action taken by Link Fund Solutions or Woodford Investment Management, and the fund is still available for investment through other investment platforms.
Here are answers to some of the questions you may have.
If you require any further guidance or information, please contact your financial adviser.