Schroders takes over Woodford trust and extends loan facility

Schroders takes over Woodford trust and extends loan facility

Schroders has taken its first step to reducing the gearing in the Schroder UK Public Private Trust (SUPP), having been installed as new manager of the trust formerly known as Woodford Patient Capital (WPCT). WPCT's name officially changed on Friday, with Schroders taking over the mandate, as confirmed in October. On the same day, the trust confirmed it had agreed to amend its existing credit facility. This will see the term of the loan extended for 12 months, until 15 January 2021, an...

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