Trapped investors in the failed Woodford Equity Income fund are set to receive a share of a £183m payout in the coming week.
Link Fund Solutions, the administrator of the fund has confirmed that investors should receive their respective share of the proceeds on 26 August 2020.
This is third payment since the collapse of the fund and will bring the total payout to £2.5bn.
This third payment is due from the sale of a number of assets to Acacia which were rumoured to be at something of a cut price, much to the frustration of investors awaiting some of their money back from Woodford’s flagship fund.
However, there are still more assets to sell before investors can completely move on from the debacle – no timing has been given for this as Link tries to move some of the more illiquid and difficult to sell assets in the fund.