Result of Extraordinary General Meeting

RNS Number : 0222X

Acorn Income Fund Ld

06 January 2014

 



ACORN INCOME FUND LIMITED (THE "COMPANY")

RESULT OF EXTRAORDINARY GENERAL MEETING

In accordance with Principle 19 of the AIC Code of Corporate Governance the Company advises that for the special resolution put to members at the Extraordinary General Meeting held on 6 January 2014 (the "EGM") valid proxy appointments were made in respect of 2,467,790 voting shares and voting was as follows:

IT WAS RESOLVED to authorise the Company to make market acquisitions of 3,776,650 Ordinary Shares in the Company on the terms set out in the notice of the EGM.

2,467,790 in favour, none against, none withheld.

IT WAS RESOLVED to authorise the Company to make market acquisitions of 5,069,457 Zero Dividend Preference Shares ('ZDP Shares') on the terms set out in the notice of the EGM.

2,463,390 in favour, none against, 4,400 withheld.

IT WAS RESOLVED to authorise the Company to make market acquisitions of 755,330 Ordinary Shares in the Company to manage any discount to NAV at which the Ordinary Shares may trade.

2,467,790 in favour, none against, none withheld.

IT WAS RESOLVED to authorise the Company to make market acquisitions of 1,013,891 ZDP shares in the Company to manage any discount to NAV at which the ZDP shares may trade.

2,463,390 in favour, none against, none, 4,400 withheld.

IT WAS RESOLVED to authorise the Directors to sell from treasury up to 3,776,650 Ordinary shares for cash on a non-pre-emptive basis as per the terms set out in the notice of the EGM.

 2,467,572 in favour, none against, 218 withheld.

It should be noted that a vote withheld is not a vote in law and will not be counted in the calculation of the proportion of the votes for and against each resolution.

For further information contact:

JTC Fund Managers (Guernsey) Limited

Secretary                     

Tel: [phone]

6 January 2014

E&OE - in transmission

 

END

 

 

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