Acorn Income Fund Ltd - Guernsey-based investment fund - Net asset value per share falls 23% in 2020, to 360.17 pence from 466.37 pence. Total return on gross assets falls 11%. Cites poor performance of small UK companies, because of pandemic and Brexit uncertainty. Net asset value per share fell faster than total assets because of gearing. Company will pay a lower dividend "in future years" after using reserves to maintain dividend throughout 2020.
Current stock price: 361.80 pence
Year-to-date change: up 12%
By Ivan Edwards; ivanedwards@alliancenews.com
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