ETF News

CORRECTED-Link sells former Woodford fund's healthcare assets to Acacia for 224 mln stg

(Removes incorrect reference to Standard Life Aberdeen, paragraph 3)

June 5 (Reuters) - Link Fund Solutions, administrator of the LF Equity Income Fund, formerly run by veteran investor Neil Woodford, said on Friday it would sell up to 19 of the fund’s healthcare assets to Acacia Research Corp for 223.9 million pounds.

The sale will enable Link to make further capital distributions to investors in due course, it added here without giving the exact dates.

The fund closed last year after a flurry of withdrawal requests from investors, leading to an investigation by regulators.

The fund’s current net asset value (NAV), as calculated on June 3, was 444.219 million pounds. (Reporting by Muvija M in Bengaluru; editing by Carolyn Cohn)