ACORN INCOME FUND LIMITED
(a closed-ended investment company incorporated in
Guernsey with registration number 34778)
LEI 213800UAZN7G46AHQM67
12 August
2021
Acorn Income Fund
Limited (the “Company”)
Dividend
Declaration and Update on Future of the Company
Dividend declaration
The Directors are pleased to declare a third interim dividend
for the year ending 31 December 2021
of 5.75p per Ordinary Share, which is in line with the
corresponding dividend for the year ended 31
December 2020 and also that of the first and second interim
dividends for 2021.
Ex-Dividend Date
9 September 2021
Record
Date
10 September 2021
Payment Date
30 September 2021
Dividend per Share: 5.75 pence per
Ordinary Share (Sterling)
Update on the future of the Company
Further to the Company’s announcement on 17 May 2021, where the Board of the Company
announced proposals to recommend the appointment of BMO Global
Asset Management to manage the Company under a new Sustainable
Global Equity Income investment strategy (the “BMO Proposal”), the
Board has received further interest from managers regarding the
future of the Company. Despite the Board continuing to believe that
the BMO Proposal is an attractive investment proposition, after
careful consideration of shareholder feedback the Board has
concluded that an alternative proposal to the BMO Proposal may
represent a more suitable proposition for the Company’s
shareholders.
Given the continued shareholder consultations and the review
process of alternative proposals, the Company confirms that the
Extraordinary and Annual General Meetings will not be held in
August 2021 as previously expected.
An announcement with further details on the future of the Company
will be published as soon as practicable and expected to be no
later than mid-September. Thereafter, the Company expects to
publish a circular in relation to the Board's proposals for the
future of the Company, including a notice convening the
Extraordinary and Annual General Meetings.
For information please contact:
Nigel Ward (Chairman)
via Singer Capital Markets or Company Secretary
Northern Trust International Fund Administration Services
(Guernsey) Limited
Company
Secretary
+44 (0) 1481 745498
Singer Capital Markets (Corporate Broker)
Paul Glover / Alan Ray / Alaina
Wong
+ 44 (0) 207 496 3000
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No 596/2014. This
announcement has been authorised for release by the Company's Board
of Directors.