Tax Bill and Tooltip

href: Tell When You Sell This week it emerged that fund manager Neil Woodford has offloaded 60% of his stake in the Woodford Patient Capital investment trust around 1.75 million shares, according to The Independent. While the 1 million he pockets from the transaction is apparently to pay a tax bill, it's hardly a vote of confidence for the trust, which is already trading at a whopping 41% discount. And why we should all pay attention to Spider-Man's Uncle Ben Holly Black 2 August, 2019 9 43AM var switch To5x true; // tooltip demo selector rel tooltip ; selector rel tooltip ; var new Href new Href function fbs click u location.href; t document.title; u ' encodeURIComponent u '&t ' encodeURIComponent t 'sharer', return false; The ongoing saga that is Woodford Equity Income is becoming almost farcical in its ability to pinpoint all the problems with the investment industry. But the really bonkers thing here, of course, is that Woodford was under no obligation to report this transaction to anyone. Under official rules, you only need to publicise your share dealings if you have a stake of 5% of more in a company. Even the independent board of directors, which oversees the running of the trust, didn't find out until three weeks after the trade. (news.financializer.com). As reported in the news.