AIF Acorn Income Fund Ld

 
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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