Net Asset Value & Partial Rep

RNS Number : 4539I

Acorn Income Fund Ld

19 November 2008

 



ACORN INCOME FUND LIMITED (the 'Company')

NET ASSET VALUE and PARTIAL REPAYMENT OF BANK LOAN

The Company announces that the Net Asset Value ('NAV') of an Ordinary Share as at 31 October 2008 was 92.61 pence.

The above NAV has been calculated based on the number of shares in issue as at the above date, being 8,939,790 Ordinary Shares.

Total assets as at the above date were £13.282 million. The portfolio has been valued using bid prices.

Net assets attributable to holders of Ordinary Shares as at the above date were £8.279 million.

The above NAV reflects a partial repayment of £700,000 of the Company's loan from Bank of Scotland on 31 October 2008. The Company has subsequently repaid a further £250,000 of the loan on 17 November 2008, reducing the amount of the outstanding loan to £4,550,000.

For further information contact:

Premier Fund Managers Limited

Investment Adviser

Tel: [phone]

Anson Fund Managers Limited 

Secretary 

Tel: [phone]

19 November 2008

E&OE - in transmission

END OF ANNOUNCEMENT

 

END

 

 

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