ACORN INCOME FUND LIMITED (the “Company”)
(a closed-ended investment company incorporated in Guernsey with registration number 34778)
Net Asset Values
As at the close of business on 11th October 2017 the estimated Net Asset Values of the Company’s shares are as follows:
|NAV||Shares in Issue||NAV Date|
|Cum-income NAV*||478.96p||15,916,687||11th October 2017|
|Ex-income NAV**||475.96p||15,916,687||11th October 2017|
|ZDP shares||141.66p||21,365,221||11th October 2017|
*Cum-income net asset value includes all current year income, less the value of any dividends paid in respect of the period together with the value of any dividends which have been declared and marked ex dividend but not yet paid.
**Ex-income net asset value is the Cum-income NAV excluding net current year income (net current year income being all current year income, less the value of any dividends paid in respect of the period together with the value of any dividends which have been declared and marked ex-dividend but not yet paid). Any undistributed income from the prior year is moved to reserves on the first business day of the new period, meaning that all ex-income NAVs released during a financial year equate to the cum-income NAV less year to date undistributed income.
Total assets less current liabilities as at the above date were GBP 106.502 million. This amount excludes the liability for the ZDP Shares which mature on 28 February 2022. The portfolio has been valued using bid prices.
Net assets attributable to holders of Ordinary Shares as at the above date were GBP 76.235 million.
The above Net Asset Values for Ordinary Shares include an accrual for a Performance Fee payable to the Manager in accordance with the Management Agreement.
TOTAL NUMBER OF VOTING RIGHTS
The ZDP Shares shall not have the right to attend or vote at any general meeting of the Company unless the business of the meeting includes any resolution to vary, modify or abrogate any of the special rights attached to the ZDP Shares. Accordingly, the total number of voting rights in the Company is 15,916,687
Northern Trust International Fund Administration Services (Guernsey) Ltd.
Jenny Malone 353 (0)1 542 2198
Date: 12th October 2017