Acorn Income Fund Dividend Announcement
15 February 2017 - 6:30PM
UK Regulatory
TIDMAIF TIDMAIFZ
ACORN INCOME FUND LIMITED
(a closed-ended investment company incorporated in Guernsey with registration
number 34778)
15 February 2017
Acorn Income Fund Limited
Dividend Announcement
The Directors are pleased to declare a first interim dividend for the year
ending 31 December 2017 of 4.5 pence per Ordinary Share. This represents an
increase in the quarterly dividend of 12.5% (from 4.0 pence to 4.5 pence). In
recent years the Directors have increased the dividend in the second quarter,
the last such increase being from 3.5 pence to 4.0 pence in June 2016. Having
reviewed the revenue projections for the year ahead and taking note of the
Company's healthy revenue reserve the Directors have felt confident in bringing
forward the 2017 increase to the first quarter.
Acorn pays quarterly interim dividends and its practice in recent years has
been to at least maintain the level of dividends each quarter. If the Company
was to maintain the quarterly dividend at 4.5 pence per Ordinary Share
throughout 2017, the total distribution for 2017 would be 18 pence per Ordinary
Share, an increase of 16.1% on the 15.5 pence per Ordinary Share distribution
for 2016.*
Ex Dividend Date 9 March 2017
Record Date 10 March 2017
Payment Date 31 March 2017
Dividend per Share 4.5 pence per Ordinary Share (Sterling)
Northern Trust International Fund Administration Services (Guernsey) Limited
Company Secretary +44 (0) 1481 745498
* These statements relating to potential dividends represent estimates or
targets only, are not profit forecasts, and there can be no guarantee or
assurance that they will be met.
END
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