Aggregated News From Investment Management Regulators

Capital distribution and accounting update on LF Equity Income Fund (formerly LF Woodford Equity Income Fund)

Report/Flag

Please complete the required fields.



Since this date, the LFEIF has returned £2.267 billion to investors in the form of 2 capital distributions: £2.124 billion in January 2020 and £143.2 million in March 2020.

Following a sale of healthcare assets, a third capital distribution of £183.15 million will be paid on or around 26 August 2020. Following this third payment, a total of £2.45 billion will have been distributed to investors since the commencement of the winding up of the LFEIF.

LFS continues to work on the sale of the remaining assets in the fund. Further to the August capital distribution, subsequent payments will be made when suitable amounts of cash have been generated from this sale.

We remain in regular discussion with LFS as it takes the remaining steps in winding-up the LFEIF.

The annual accounting period for the LFEIF has been extended from 31 December 2019 to 31 March 2020 and will now cover the period from 1 January 2019 to 31 March 2020. These accounts are now expected be published no later than 30 September 2020 as coronavirus (Covid-19) and the sale of the healthcare assets affected the ability to produce these accounts within 4 months of the year end.

See LFS’s investor website for information on the LFEIF and communications to date: https://equityincome.linkfundsolutions.co.uk

As previously updated, we have opened an investigation into the activities that led to the suspension of the LFEIF. We cannot comment further on ongoing investigations.

Source link

Regulator Information

Regulator Name: Financial Conduct Authority
Abbreviation: FCA
Jurisdiction: United Kingdom

Recent Articles

The AMF presents an initial overview of SFTR reporting data

Based on the recommendations of the Financial Stability Board, the European Securities Financing Transactions Regulation (SFTR), enacted in November 2015, has made it possible to establish greater tr

SEC Issues Whistleblower Awards Totaling Nearly $5.3 Million

The Securities and Exchange Commission today announced awards of nearly $5.3 million to whistleblowers who provided information and assistance in separate enforcement proceedings.

HQ Trade

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

searchinvestments-uk.com

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

highestfixedrates.com

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Get the latest from Regulatory.News in your inbox!

×