TIDMAIF TIDMAIFZ 
 
Acorn Income Fund Limited (the "Company") 
  (a closed-ended investment company incorporated with limited liability under 
              the laws of Guernsey with registered number 34778) 
 
                       ANNUAL GENERAL MEETING STATEMENT 
                               26 September 2016 
 
Further to the Annual General Meeting Notice dated 06 April 2016 (the "Notice") 
and sent to shareholders of the Company on 14 April 2016, the Annual General 
Meeting was held today and shareholders voted in favour of Resolutions 1 to 9 
and against Resolution 10, as recommended by the Directors, thereby supporting 
the continuation of the Company in its present form. 
 
Helen Green, Chairman, commented: "The Board is very pleased that Ordinary 
shareholders have voted overwhelmingly to continue Acorn in its present form. 
We will now begin our consideration of a refinancing of the Zero Dividend 
Preference shares, which fall due for repayment on 31 January 2017. We 
anticipate that the ZDP refinancing can be effected at an attractive interest 
rate and therefore that the Company will be able to continue to provide 
Ordinary shareholders with a high level of income, underpinned by the Company's 
material revenue reserve, as well as the opportunity for further capital growth 
driven principally by the Smaller Companies portfolio. Subject to stockmarket 
conditions, we will also be considering the potential to issue further Ordinary 
shares at the time of the refinancing." 
 
Details of the proxy voting results, which should be read alongside the Notice 
sent to shareholders, are noted below. 
 
 Ordinary Resolution           For                 Against               Abstain 
 
          1                 1,933,424              212,189               179,222 
 
          2                 1,905,561              222,152               197,122 
 
          3                 1,896,293              249,320               179,222 
 
          4                 1,921,124              220,489               183,222 
 
 Special Business by           For                 Against               Abstain 
 Ordinary Resolution 
 
          5                 1,919,524              217,689               187,622 
 
          6                 1,896,193              241,020               187,622 
 
 Special Business by           For                 Against               Abstain 
 Special Resolution 
 
          7                 1,925,024              212,189               187,622 
 
          8                 1,925,024              212,189               187,622 
 
          9                 1,896,193              212,189               216,453 
 
         10                   5,800               2,310,684               8,351 
 
Note - A vote withheld is not a vote in law and has not been counted in the 
votes for and against a resolution. 
 
In accordance with Listing Rule 9.6.3, a copy of the special business and 
special resolutions have been submitted to the National Storage Mechanism and 
will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM . 
 
Enquiries: Company website: https://www.premierfunds.co.uk/investors/ 
investments/investment-trusts/acorn-income-fund 
 
Cara De La Mare 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Company Secretary 
Tel: +44 (0) 1481 745498 
Email: cd109@ntrs.com 
 
 
 
END

(END) Dow Jones Newswires

September 26, 2016 08:16 ET (12:16 GMT)

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