Acorn Income Fund - Dividend Announcement
February 15 2017 - 2:30AM
PR Newswire (US)
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.
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