Woodford Equity Income 'inadvertently' breaches 10% unquoted stocks limit again

Woodford Equity Income 'inadvertently' breaches 10% unquoted stocks limit again

The Woodford Equity Income fund (WEIF) has breached UCITS rules limiting the amount of unquoted stocks a fund can hold to 10% once more after two of its investee companies de-listed from their stockmarkets. Artificial intelligence platform Benevolent AI and cold fusion firm Industrial Heat de-listed from the Guernsey-based International Stock Exchange, Woodford Investment Management told clients in a note seen by Investment Week. This took WEIF over the 10% limit once again, a rule th...

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