Dealing in the LF Woodford Equity Income Fund has been suspended by the fund’s Authorised Corporate Director.
The fund has been suspended due to an increased level of withdrawals from the fund by investors. The suspension is intended to protect investors who wish to remain in the fund by allowing Woodford time to reposition the element of the fund’s portfolio invested in unquoted and less liquid stocks and shares, in to more liquid investments that will be easier to trade.
This means that, until the suspension is lifted, you will not be able to put any money into, or send us new requests to take money out of, the fund.
Existing investors will continue to own units in the fund and once the suspension is lifted investors will be free to buy or sell their units.
We’ll communicate with investors shortly, further explaining what the suspension will mean for their investments. The below questions and answers also provides details of what your clients can and can’t do if they are invested in the fund.