17 Aug 2016 07:00
ACORN INCOME FUND LD - Dividend AnnouncementACORN INCOME FUND LD - Dividend Announcement
PR Newswire
London, August 16
ACORN INCOME FUND LIMITED
(a closed-ended investment company incorporated in Guernsey with registration number 34778)
17 August 2016
Acorn Income Fund Limited
Dividend Announcement
The Directors of Acorn Income Fund Limited ("Acorn") are pleased to note that Acorn’s portfolio of UK smaller companies continues to deliver earnings and dividend growth at a time when earnings forecasts and dividend expectations for many larger UK companies are being scaled back. Consideration of Acorn’s revenue projections has enabled the Directors to declare a substantial increase in the second interim dividend.
The Directors have declared a third interim dividend of 4.0 pence per Ordinary Share for the year ending 31 December 2016, which represents an increase of 14.3% compared to the corresponding dividend for the year ended 31 December 2015:
Ex Dividend Date | 15 September 2016 |
Record Date | 16 September2016 |
Payment Date | 29 September 2016 |
Dividend per Share | 4.0 pence per Ordinary Share (Sterling) |
Acorn pays quarterly interim dividends and its practice in recent years has been to at least maintain the level of dividends each quarter. If this pattern of dividend payments is maintained, the prospective annual yield on Acorn’s ordinary shares is 4.7% based on the current mid-market price of 343.5 pence.
For information please contact:
Northern Trust International Fund Administration Services (Guernsey) LimitedCompany Secretary +44 (0) 1481 745498
Premier Asset ManagementNigel Sidebottom + 44 (0) 1483 30 60 90