Trapped Woodford investors to get as little as 50p in the pound back

Thousands of investors trapped in the troubled fund formerly run by Neil Woodford will get as little as 50p in the pound, the fund's administrators have revealed. About 300,000 investors will receive between 46.3p and 58.9p per share, depending what version or 'share class' of the fund they held. Each share was worth £1 when launched by the fund, but their value had fallen substantially by the time the fund was frozen at the start of June 2019. Some £2.1bn is set to be returned to savers, around 74% of the fund's £2.9bn value. At its peak in 2017 the Woodford Equity Income fund manage...