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Woodford investors to get 75% of collapsed fund in first pay-out-Link

Reuters
·1-min read

LONDON (Reuters) - Investors in the collapsed equity income formerly run by British money manager Neil Woodford will get 75% of the value of the fund in their first pay-out, its administrator said on Wednesday.

The fund moved into wind-up on Jan 18 and has generated 2.2 billion pounds through the sale of assets by BlackRock <BLK.N>, Link Fund Solutions said in a letter to investors. Investors will get their first payment on or around Jan 30, Link said earlier this week.

Link is still exploring a sale of the more illiquid assets with PJT Partners <PJT.N> and said it could not say when or how much future payments would be.

(Reporting by Carolyn Cohn, editing by Huw Jones)