Funds News 

Woodford Patient NAV reduced again

Woodford Patient NAV reduced again

The value of Woodford Patient Capital Trust’s (WPCT) holding in IH Holdings International (Industrial Heat) has been revalued downwards, equivalent to a reduction in the trust’s net asset value (NAV) of 5p. Industrial Heat is an unquoted early-stage company that investigates new energy technologies such as cold fusion, and its value was written down due to a delay in operational progress. It follows the recent announcement that Woodford Patient Capital Trust is changing the company that manages it to Schroders by the end of this year after Woodford Investment Management resigned in mid-October, following its decision to wind up.

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