Dividend Declaration

RNS Number : 3379X

Acorn Income Fund Ld

14 February 2012

 



ACORN INCOME FUND LIMITED

DIVIDEND DECLARATION

The Directors of Acorn Income Fund Limited (the "Company") have declared a first interim dividend of 3.0 pence per Ordinary Share (2011: 1.75 pence) for the year ending 31 December 2012.

The repayment of the Company's bank loan and the issue of zero dividend preference shares, was completed in December 2011. As a result the revenue projections for the current financial year have increased and the directors now expect that a dividend of 3.0 pence per Ordinary Share payable every quarter can be sustained throughout the year. The Directors will however monitor the revenue flows generated by the Company's portfolio and, subject to economic and market conditions, keep the level of future interim dividends under review.

Ex-dividend Date                  29 February 2012

Record Date                          2 March 2012

Pay Date                                30 March 2012

Dividend Rate                       3.0 pence per share

For further information contact:

Anson Fund Managers Limited

Secretary       

Tel: [phone]

14 February 2012

E&OE - In transmission

END OF ANNOUNCEMENT

 

END

 

 

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