Correction of Net Asset Value

RNS Number : 3282V

Acorn Income Fund Ld

10 January 2012

 



ACORN INCOME FUND LIMITED (the "Company")

CORRECTED NET ASSET VALUE as at 23 December 2011

The announcement of net asset values as at 23 December 2011 released at 4.05 p.m. on 9 January 2012 under RNS number 2407V contained erroneous data with regards to the number of Ordinary Shares in issue at the above date.  The below announcement contains a corrected number of Ordinary shares in Issue and replaces the previous announcement in its entirety.

ORDINARY SHARES

The Company announces that the net asset value of an Ordinary Share as at the above date was 184.54 pence.

ZERO DIVIDEND PREFERENCE SHARES (the "ZDP SHARES")

The Company announces that the net asset value of a ZDP Share as at the above date was 100.05 pence.

The above Net Asset Value has been calculated based on the number of shares in issue as at the above date, being 8,724,790 Ordinary Shares and 12,000,000 ZDP Shares.

Total assets as at the above date were £34.929 million. Total assets less current liabilities as at the above date were £27.758 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 £16.101 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 8,724,790.

For further information contact:

Anson Fund Managers Limited

Secretary

Tel: [phone]

10 January 2012

E&OE - in transmission

END OF ANNOUNCEMENT

 

END

 

 

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