AIF Acorn Income Fund Ld

 
TIDMAIF TIDMAIFZ 
 
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. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

August 12, 2021 02:00 ET (06:00 GMT)

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