The link below shows a video produced by Neil Woodford which explains the reasons for his actions and details what we should now expect to happen moving forward.
We as with thousands of other investors have had the confidence in Neil Woodford as a fund manager and believe that his long-term performance will return. The decision to suspend trading of the LF Woodford Equity Income Fund will provide them time to execute the strategy of reducing the funds exposure to illiquid and unquoted stocks. The fund has historically paid a competitive dividend of around 3.4% and we are continuing to monitor this fund.
Please feel free to contact us if you should wish to discuss your position further.