LF Equity Income third payment

Aged

Has it been paid yet? Was supposed to be made at the end of August, but I've had no notification as yet.

xylophone

https://equityincome.linkfundsolutions.co.uk/investor-communications/thursday-20th-august-2020-investor-letter-regarding-the-third-capital-distribution-to-investors/

Third capital distribution

In a previous letter, dated 29 July 2020, we advised you that we would soon be in a position to make a third capital distribution to investors. We are now able to confirm that as at 19 August 2020 the Fund has £183.15 million of cash available for distribution to investors. This sum is made up of amounts received to date by the Fund from Acacia Research Corporation (“Acacia”), under our agreement for it to purchase a portfolio of the Fund’s assets, plus amounts received since the second capital distribution for the sale of assets not included in the transaction with Acacia.

A further letter will be sent, on 24 August 2020, detailing the amount you will receive from this third capital distribution. The amount you receive was calculated on 19 August 2020 and will be paid to you on or around 26 August 2020. Please note that if you invested through a platform then distribution payments may not reach your account on the same day, due to the time it takes for the platform provider to process your payment.

This means that, based on an estimated third capital distribution of £183.15 million, due to be paid on or around 26 August 2020, a total of £2,450,413,385 will have been distributed to investors since the commencement of the winding up of the Fund.

All previous letters to investors, including the letter of 29 July 2020 and the letter dated 5 June 2020, which provides details of the transaction with Acacia, can be found on our website at equityincome.linkfundsolutions.co.uk.

Did you receive the letter of 24th August?

Aged

Nope, nothing at all received.

xylophone

If investors have any questions regarding the suspension or winding up of the Fund please contact us on 0333 300 0381 or alternatively email us at lfsinvestors@ntrs.com 

Aged

xylophone said:

If investors have any questions regarding the suspension or winding up of the Fund please contact us on 0333 300 0381 or alternatively email us at lfsinvestors@ntrs.com 

Just wondered if anyone else had heard, that's all.