Acorn Income Fund Dividend Declaration
May 25 2016 - 02:00AM
UK Regulatory
TIDMAIF TIDMAIFZ
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
END
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