income: The fund's value has halved to 252m since June, when Woodford's flagship Equity Income fund was suspended, according to The Guardian. We expect that the redemptions in the Income Focus fund will reach a level whereby it may no longer be able to continue to meet redemption requests without prejudicing the interests of both remaining and redeeming investors, Link said in a letter to investors. The administrator, Link Fund Solutions, said it had closed the Income Focus fund to withdrawals to prevent a run on its assets. Link closed Woodford's main fund to withdrawals in June and sacked him as its manager on Tuesday after deciding to wind up the 3.1bn fund. Woodford announced he was closing down his investment business on Tuesday, his reputation in shreds. Woodford then quit the Income Focus fund and the publicly traded Woodford Patient Capital investment trust.
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