Dividend Declaration

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 [phone]

Premier Asset Management
Nigel Sidebottom + 44 (0) 1483 30 60 90