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Woodford Patient Capital shares fall 1.7%

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LONDON (Reuters) – Shares in Woodford Patient Capital Trust (WPCT), Woodford Investment Management’s only listed fund, fell 1.7% at the open on Wednesday after the Financial Times reported it may drop Neil Woodford as manager.

Woodford Investment Management suspended its flagship 3.7 billion pound unlisted fund last week.

WPCT is meeting investors this week and no decision has been made about the management of the fund, according to a source familiar with the matter.

(Reporting by Carolyn Cohn, editing by Huw Jones)

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