Although the fund is suspended, nothing has changed from what we said earlier this year about moving the unquoted holdings out of the LF Woodford Equity Income Fund at the best possible value for investors. The unquoted part of the fund contains many high quality companies that are now maturing and either approaching commercialisation or explicitly now scaling as commercial businesses. The portfolio we have created is unique, as is its scale, and we have already received a lot of expressions of interest for these assets. We are confident that we will not need to sell these assets at hugely discounted prices and we are intent on achieving a fair outcome for investors.
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