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Funds News

Woodford equity income fund has 288 mln stg in remaining assets

LONDON, Sept 30 (Reuters) - The collapsed Woodford equity income fund has 288 million pounds ($371.75 million) in remaining assets, its former authorised corporate director said on Wednesday.

The remaining assets of the fund, which was run by veteran investor Neil Woodford and collapsed last year, may not be sold until mid to late 2021, Link Fund Solutions said in a letter to investors.

Link has made distributions totalling 2.45 billion pounds to investors so far, it said. ($1 = 0.7747 pounds) (Reporting by Carolyn Cohn, editing by Sinead Cruise)

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