Net Asset Value(s)

ACORN INCOME FUND (the "Company")                       

 (a closed-ended investment company incorporated in Guernsey with registration 
                                 number 34778)                                 

Net Asset Values

As at the close of business on 30th April 2015 the estimated Net Asset Values of
the Company's shares are as follows:

                        NAV       Shares in     NAV Date       
                                  Issue                        
                                                               
Cum-income NAV*         364.46p   15,468,332    30th April 2015 
                                                               
Ex-income NAV**         358.78p   15,468,332    30th April 2015 
                                                               
ZDP shares              123.49p   20,763,386    30th April 2015 

*Cum-income net asset value includes all current year income, less the value of
any dividends which have been declared and marked ex dividend but not yet paid.

**Ex-income net asset value excludes all current year income as well as the
value of any dividends which have been declared and marked ex-dividend.

Total assets less current liabilities as at the above date were GBP82.017
million. This amount excludes the liability for the ZDP Shares which mature on
31 January 2017. The portfolio has been valued using bid prices.

Net assets attributable to holders of Ordinary Shares as at the above date were
GBP56.376 million.

TOTAL NUMBER OF VOTING RIGHTS

The ZDP Shares shall not have the right to attend or vote at any general
meeting ofthe Company unless the business of the meeting includes any
resolution to vary, modify or abrogate any of the special rights attached to
the ZDP Shares. Accordingly, the total number of voting rights in the Company
is 15,468,332.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
Harry Rouillard 44 (0)1481 745001
Date: 05th May 2015