RE: Woodford PCT Fund15 Oct 2019 10:15
From FCA Q&A (unable to post link unfortunately) - 'LFS expects to make these as soon as possible once the formal winding-up begins, which is expected to commence in mid-January, because three months’ notice needs to be given to investors under the rules implementing the applicable European Directive. During the period up to the commencement of the winding-up of the WEIF, the fund’s assets will continue to be repositioned in preparation for this event.'
Hopefully they'll reposition and sell his holdings in Burford asap, well before January to end this uncertainty. Then I'm sure once WEIF (nee EIF) is clear of Burford, price here will skyrocket back to what it should rightly be. GLA