6 Jan 2014 18:00
ACORN INCOME FUND LIMITED (THE "COMPANY")
RESULT OF EXTRAORDINARY GENERAL MEETING
In accordance with Principle 19 of the AIC Code of Corporate Governance the Company advises that for the special resolution put to members at the Extraordinary General Meeting held on 6 January 2014 (the "EGM") valid proxy appointments were made in respect of 2,467,790 voting shares and voting was as follows:
IT WAS RESOLVED to authorise the Company to make market acquisitions of 3,776,650 Ordinary Shares in the Company on the terms set out in the notice of the EGM.
2,467,790 in favour, none against, none withheld.
IT WAS RESOLVED to authorise the Company to make market acquisitions of 5,069,457 Zero Dividend Preference Shares ('ZDP Shares') on the terms set out in the notice of the EGM.
2,463,390 in favour, none against, 4,400 withheld.
IT WAS RESOLVED to authorise the Company to make market acquisitions of 755,330 Ordinary Shares in the Company to manage any discount to NAV at which the Ordinary Shares may trade.
2,467,790 in favour, none against, none withheld.
IT WAS RESOLVED to authorise the Company to make market acquisitions of 1,013,891 ZDP shares in the Company to manage any discount to NAV at which the ZDP shares may trade.
2,463,390 in favour, none against, none, 4,400 withheld.
IT WAS RESOLVED to authorise the Directors to sell from treasury up to 3,776,650 Ordinary shares for cash on a non-pre-emptive basis as per the terms set out in the notice of the EGM.
2,467,572 in favour, none against, 218 withheld.
It should be noted that a vote withheld is not a vote in law and will not be counted in the calculation of the proportion of the votes for and against each resolution.
For further information contact:
JTC Fund Managers (Guernsey) Limited
Secretary
Tel: 01481 702400
6 January 2014
E&OE - in transmission