Result of Extraordinary Meeting

Acorn Income Fund Limited (the “Company”)
 (a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 34778)

RESULT OF EXTRAORDINARY MEETING
21 December 2016

Further to the Extraordinary General Meeting Notice dated 29 November 2016 and sent to shareholders of the Company, the Extraordinary General Meeting was held on 20 December 2016 with all resolutions passed, as recommended by the Directors, thereby supporting the Continuation Offer to ZDP Shareholders, the adoption of new Articles to facilitate the Continuation Offer, the allotment of New ZDP Shares and the allotment of New Ordinary Shares on a non-pre-emptive basis.

Details of the proxy voting results, which should be read alongside the Notice sent to shareholders, are noted below.

Special Resolution	For	Against	Abstain
1	10,175,568	0	3,337
Ordinary Resolutions	For	Against	Abstain
2	1,345,365	0	3,337
3	1,345,365	0	3,337
4	1,345,365	0	3,337
5	1,345,365	0	3,337
Special Resolutions	For	Against	Abstain
6	1,345,365	0	3,337
7	1,345,365	0	3,337

Note - A vote withheld is not a vote in law and has not been counted in the votes for and against a resolution.

In accordance with Listing Rule 9.6.3, a copy of the resolutions will be submitted to the National Storage Mechanism and be available for inspection in due course at: www.morningstar.co.uk/uk/NSM. Enquiries: Company website: https://www.premierfunds.co.uk/investors/investments/investment-trusts/acorn-income-fund Investment Manager: Premier Fund Managers Limited Nigel Sidebottom Tel: [phone] Email: [e-mail] Broker, Financial Adviser and Sponsor: Numis Securities Limited Nathan Brown Tel: [phone] Email: [e-mail] Company Secretary: Northern Trust International Fund Administration Services (Guernsey) Limited Cara De La Mare Tel: [phone] Email: [e-mail]