26 Nov 2015 14:30
ACORN INCOME FUND LD - Revised Net Asset Value(s)ACORN INCOME FUND LD - Revised Net Asset Value(s)
PR Newswire
London, November 26
ACORN INCOME FUND LIMITED (the “Company”)(a closed-ended investment company incorporated in Guernsey with registration number 34778)
Revised Net Asset Values
Following identification of an error in the Ex-income NAV calculation, the Company wishes to disclose the revised figures below. There has been no error in the calculation of the Cum-income NAV which are also listed below for reference only.
| Original Net Asset Value Announcement Date & Time | Previously announced Ex-income NAV | Revised Ex-income NAV** | Cum-income NAV* | NAV Date |
| 05-Oct-2015 16:08 | 380.37p | 390.57p | 394.14p | 02 Oct 2015 |
| 08-Oct-2015 16:18 | 385.58p | 395.78p | 399.19p | 07 Oct 2015 |
| 12-Oct-2015 17:29 | 385.72p | 395.92p | 400.20p | 09 Oct 2015 |
| 15-Oct-2015 14:46 | 385.72p | 395.91p | 400.21p | 14 Oct 2015 |
| 20-Oct-2015 14:06 | 384.58p | 394.77p | 399.14p | 16 Oct 2015 |
| 23-Oct-2015 11:23 | 381.91p | 392.10p | 396.49p | 21 Oct 2015 |
| 26-Oct-2015 16:09 | 378.07p | 388.26p | 392.80p | 23 Oct 2015 |
| 29-Oct-2015 16:36 | 377.94p | 388.13p | 392.69p | 28 Oct 2015 |
| 02-Nov-2015 14:17 | 381.49p | 391.68p | 396.25p | 30 Oct 2015 |
| 09-Nov-2015 09:46 | 380.87p | 391.06p | 395.66p | 04 Nov 2015 |
| 10-Nov-2015 08:57 | 377.80p | 391.49p | 392.84p | 06 Nov 2015 |
| 12-Nov-2015 14:33 | 380.83p | 394.52p | 395.88p | 11 Nov 2015 |
| 17-Nov-2015 09:52 | 370.02p | 383.71p | 385.07p | 13 Nov 2015 |
*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.
**Revised 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).
In calculating the ex-income NAV since the start of October a change in procedure resulted in total income received year to date being deducted from the cum-income NAV without allowance being made for dividends distributed in respect of that period. The result was that ex-income NAVs were understated implying a larger accumulation of current period revenue than was actually the case.
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Harry Rouillard 44 (0)1481 745001
Date: 26th November 2015