AIF Acorn Income Fund Ld

 
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) 
 
                             UPDATE ON FTSE HEDGE 
 
                                27 August 2015 
 
The Company's half-yearly report stated that, with a view to providing some 
protection against a fall in the broader UK equity market, the Company had 
purchased a put option on the FTSE 100 Index at 7000 and sold a FTSE 100 put 
option at 6000. This put spread was put in place when the FTSE 100 Index was 
trading at around 7000 and was designed to enable the Company to retain 
exposure to the Smaller Companies Portfolio whilst neutralising some of the 
gearing that would impact on net asset value in a falling market. 
 
Both option positions were closed on 25 August 2015, when the FTSE 100 Index 
was trading at around 6000 and the protective effect of the trade had therefore 
largely been secured. The net proceeds from the closing of the position were 
approximately GBP655,000 and the profit arising from the transaction was 
equivalent to approximately 1.7p per ordinary share. 
 
Enquiries: 
For further information about this announcement, please contact: 
 
Premier Asset Management 
Nigel Sidebottom                                            +44 1483 400465 
 
 
 
END 
 

(END) Dow Jones Newswires

August 27, 2015 10:17 ET (14:17 GMT)

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