Woodford Trust Board Tries to Reassure Investors

The board of Patient Capital said it was happy with the trust's performance and that the performance of its holdings were not affected by last week's events

Holly Black 10 June, 2019 | 1:45PM

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Woodford Patient Capital (WPCT) has assured investors that the investment trust is not affected by the suspension and redemptions at its sister fund, Woodford Equity Income.

The closed-end trust launched in 2015 with a remit to focus on early-stage businesses, many in the biotech sector.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
LF Woodford Equity Income C Sterling Acc15.17 GBP-1.60
Woodford Patient Capital Trust27.60 GBP-4.01

About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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