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Neil Woodford to keep investors locked out of fund until December

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3 months ago

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Investors trapped in Neil Woodford’s equity income fund will be unable to access their cash until at least early December, but will still be charged fees, sparking fresh calls for a shake-up to investing rules. In a letter to investors, fund supervisor Link said a December deadline gave Mr Woodford a “realistic” amount of time to re-position the portfolio and improve liquidity, following close consultation with fund depositary Northern Trust and Woodford Investment Management

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