Repayment of Borrowing Facility

RNS Number : 7553U

Acorn Income Fund Ld

29 December 2011

 



ACORN INCOME FUND LIMITED

REPAYMENT OF BORROWING FACILITY

The Board of Acorn Income Fund Limited (the "Company") has today repaid all of the Company's borrowings, approximately £6 million, with the proceeds raised through the issue of redeemable Zero Dividend Preference Shares. The repayment was made in advance of the borrowing facility's expiry date of 13 February 2012 and the borrowing facility has been subsequently cancelled.

The remaining proceeds raised from the issue of redeemable Zero Dividend Preference Shares, being approximately £5.6 million, have been invested into the Company's two portfolios.

For further information contact:

Anson Fund Managers Limited

Secretary

Tel: [phone]

29 December 2011

E&OE - in transmission

END OF ANNOUNCEMENT

 

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