High-profile manager Neil Woodford has sold five of LF Woodford Equity Income Fund's (GB00BLRZQB71) unquoted holdings, with a value of £72.9m, to Woodford Patient Capital Trust (WPCT) in exchange for shares in the trust worth 9 per cent of its market cap. The trust now accounts for 1.45 per cent of LF Woodford Equity Income's assets.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis