25 May
2016
ACORN INCOME FUND
LIMITED
(a
closed-ended investment company incorporated in Guernsey with
registration number 34778)
Dividend Announcement
The Directors of Acorn Income Fund Limited ("Acorn") are pleased
to note that Acorn’s portfolio of UK smaller companies continues to
deliver earnings and dividend growth at a time when earnings
forecasts and dividend expectations for many larger UK companies
are being scaled back. Consideration of Acorn’s revenue
projections has enabled the Directors to declare a substantial
increase in the second interim dividend.
The Directors have declared a second interim dividend of
4.0 pence per Ordinary Share for the
year ending 31 December 2016, which
represents an increase of 14.3% compared to the corresponding
dividend for the year ended 31 December
2015:
Ex Dividend
Date
16 June 2016
Record
Date
17 June 2016
Payment
Date
28 June 2016
Dividend per
Share 4.0 pence per Ordinary Share (Sterling)
Acorn pays quarterly interim dividends and its practice in
recent years has been to at least maintain the level of dividends
each quarter. If this pattern of dividend payments is
maintained, the prospective yield on Acorn’s ordinary shares is
4.4% based on the current mid-market price of 366 pence.
For information please contact:
Northern Trust International Fund Administration Services
(Guernsey) Limited
Company Secretary +44 (0) 1481 745498
Premier Asset Management
Nigel Sidebottom + 44 (0) 1483 30 60
90