Update: Woodford investors to receive second payment on 25 March

Additional £141.7m sold

Link Fund Solutions has updated shareholders stuck in Neil Woodford's LF Equity Income fund with news of a second capital distribution to be paid on or around 25 March.

So far, the sales of assets since the last distribution made on 31 January have generated an additional £141.7m as of 10 March, equivalent to 19.9% of the fund's assets at the time. Based on this estimated total distribution amount, investors will have received a total of £2.3bn from the fund's assets being sold, with the next payment expected in their accounts on 25 March. Meanwhile, Link has also decided to extend the accounting date for the fund from 31 December 2019 to 31 March 2020, but said this change will not affect the two scheduled income distributions. First distribution...