Trapped Woodford investors to receive payment this week

Over 300,000 investors trapped in Neil Woodford's flagship £3.7bn equity fund will share a £143m payment this week. In a letter to investors, published on Friday, the fund's administrators Link Fund Solutions said it had raised £143.2m in its second sell-off of the portfolio's assets and that investors would be paid on or around March 25. About £575m will still be trapped in the vehicle, whose suspension last June prompted Europe's biggest investment scandal for a decade. The fund was suspended in June 2019 following a period of poor performance and outflows running at £9m per work...