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Investment Trusts

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Link Fund Solutions Suspends Dealing In Shares In Woodford Income Fund

Wednesday, 16 Oct 2019

Oct 16 (Reuters) - LINK FUND SOLUTIONS: :HAS OBTAINED THE AGREEMENT OF NORTHERN TRUST GLOBAL TO SUSPEND DEALING IN SHARES IN WOODFORD INCOME FUND, WITH EFFECT FROM 15 OCT.LFS PROVIDED WRITTEN CONFIRMATION TO FCA THAT WOODFORD INCOME FUND HAS SUSPENDED SHARE DEALING, INCLUDED REASONS FOR SUSPENSION.EXPECTS THAT REDEMPTIONS IN WOODFORD INCOME FUND WILL REACH A LEVEL WHEREBY IT MAY NO LONGER BE ABLE TO MEET REDEMPTION REQUESTS.IN BEST INTERESTS OF INVESTORS IN THE FUND TO SUSPEND THE ISSUE, CANCELLATION, SALE AND REDEMPTION OF SHARES IN THE WOODFORD INCOME FUND.WILL CONSIDER OPTIONS INCLUDING THE APPOINTMENT OF AN ALTERNATE INVESTMENT MANAGER, A SCHEME OF ARRANGEMENT INTO ANOTHER FUND.PERIOD OF SUSPENSION IS INTENDED TO PROTECT INVESTORS FROM ANTICIPATED INCREASED LEVEL OF REDEMPTIONS IN WOODFORD INCOME FUND.WILL CONSIDER OPTIONS INCLUDING A WINDING-UP OF WOODFORD INCOME FUND.WOODFORD HAS COMMITTED TO CONTINUE TO WORK COLLABORATIVELY WITH LFS IN ITS CAPACITY AS THE APPOINTED INVESTMENT MANAGER OF THE FUND.ON WOODFORD INCOME FUND SUSPENSION, EXPECT TO WRITE TO INVESTORS WITH AN UPDATE WITHIN THE NEXT 14 DAYS.SUSPENSION OF WOODFORD INCOME FUND WILL CEASE AS SOON AS LFS HAS DETERMINED THE COURSE OF ACTION THAT IS IN BEST INTERESTS OF INVESTORS.

Trading in LF Woodford Income Focus Fund Suspended - Link

Wednesday, 16 Oct 2019

Oct 16 (Reuters) - Woodford Patient Capital Trust PLC ::TRADING SUSPENDED IN LF WOODFORD INCOME FOCUS FUND WITH EFFECT FROM OCT. 15 UNTIL FURTHER NOTICE - LINK.LINKS SAYS DURING THE FUND’S SUSPENSION, IT WILL CONSIDER THE OPTIONS AVAILABLE TO IT INCLUDING THE APPOINTMENT OF AN ALTERNATE INVESTMENT MANAGER, A SCHEME OF ARRANGEMENT INTO ANOTHER FUND OR A WINDING-UP OF THE FUND.LINK SAYS WILL FORMALLY REVIEW THE SUSPENSION AT LEAST EVERY 28 DAYS, EXPECTS TO WRITE TO INVESTORS WITH AN UPDATE WITHIN THE NEXT 14 DAYS.

Hipgnosis Songs Fund Announces Acquisition Of Music Catalogue

Wednesday, 16 Oct 2019

Oct 16 (Reuters) - Hipgnosis Songs Fund Ltd ::HIPGNOSIS SONGS FUND - ACQUISITION OF MUSIC CATALOGUE.HIPGNOSIS SONGS FUND LTD - COMPANY HAS ACQUIRED A MUSIC CATALOGUE FROM TIMBALAND.

Mercantile Investment Company Expects To Be Re-Categorised As An ASX Debt Listing

Tuesday, 15 Oct 2019

Oct 15 (Reuters) - Mercantile Investment Company Ltd ::FOLLOWING COMPLETION OF COMPULSORY ACQUISITION, MVT WILL BE RE-CATEGORISED AS AN ASX DEBT LISTING.EXPECTED THAT MVT WILL BE DELISTED FROM NZX AFTER ASX RE-CATEGORISATION.

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