Net Asset Value(s)

ACORN INCOME FUND LIMITED (the “Company”)
(a closed-ended investment company incorporated in Guernsey with registration number 34778)
 

Net Asset Values

As at the close of business on 20^th Nov 2015 the estimated Net Asset Values of the Company’s shares are as follows:  

	NAV	Shares in Issue	NAV Date
Cum-income NAV*	386.26p	15,685,692	20th Nov 2015
Ex-income NAV**	384.51p	15,685,692	20th Nov 2015
ZDP shares	127.98p	21,055,152	20th Nov 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 GBP 87.534 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 GBP 60.587 million.

TOTAL NUMBER OF VOTING RIGHTS

The ZDP Shares shall not have the right to attend or vote at any general meeting of the 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 15,685,692

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Harry Rouillard           44 (0)1481 745001

Date: 26^th November 2015