Result of AGM

Acorn Income Fund Ld
26 June 2006


Acorn Income Fund Limited (the 'Company')

Results of AGM


The Board of Directors of the Company confirm that at the Annual General Meeting
held today that the following votes were cast:


Special Resolution 1 re continuation as an investment company: For 12,984,125
(67.67%) Against 6,203,767 (32.33%).  This resolution was therefore not carried.


Ordinary Resolution 2 re adoption of financial statements: For 4,809,193 (100%)
Against 0 (0%).  This resolution was therefore carried.


Ordinary Resolution 3 re reappointment of auditors: For 4,805,193 (100%) Against
0 (0%).  This resolution was therefore carried.


Ordinary Resolution 4 re authority to buy back shares: For 6,345,387 (36.69%)
Against 10,947,931 (63.31%).  This resolution was therefore not carried.


With regard to Special Resolution 1, the Directors announced on 21 February 2006
that, if the resolution was not passed but a simple majority of the shareholders
voting on the resolution voted in its favour, they will put forward proposals to
the Company's shareholders which are expected to include the opportunity for
those shareholders that do not wish to continue with the Company to receive cash
at close to net asset value.  Although Resolution 1 was not carried, more than
50% of the votes actually cast in respect of Resolution 1 were cast in favour of
that resolution.  The Directors will therefore formulate proposals to be put to
shareholders and a further announcement will be made in due course.



Enquiries to:               Collins Stewart Fund Management Limited
                            No 1 Le Truchot
                            St Peter Port
                            Guernsey
                            GY1 4AE





                      This information is provided by RNS
            The company news service from the London Stock Exchange