Woodford listed fund shares drop after valuation cut
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LONDON (Reuters) - Shares in Woodford Patient Capital Trust , money manager Neil Woodford's only listed fund, dropped as much as 7% at the open on Friday after the trust's administrator cut the valuation of one of its holdings.WPCT did not disclose any details about the holding, but said late on Thursday the adjustment would impact its net asset value by about 4 pence per share.Link, the trust's authorised corporate director, previously cut the valuation of WPCT's stake in IH Holdings.The trust,..