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BREAKING NEWS

Woodford Patient Capital Trust says plans to cut debt

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LONDON (Reuters) – Woodford Patient Capital Trust <WPCT.L> said on Friday it plans to cut debt and refresh its board following talks with shareholders concerned about a slide in the company’s share price.

The listed investment trust shares a number of the same holdings as a suspended fund run by its high-profile manager Neil Woodford and has been hit hard by concerns it may be impacted by any forced selling of assets.

(Reporting by Simon Jessop; Editing by Rachel Armstrong)

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