Acorn Income Fund Ld Investors - AIF

Acorn Income Fund Ld Investors - AIF

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Acorn Income Fund Ld AIF London Ordinary Share GB0004829437 ORD 1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 316.50 08:00:23
Open Price Low Price High Price Close Price Previous Close
316.50 316.50 320.00 316.50 316.50
more quote information »
Industry Sector
GENERAL FINANCIAL

Top Investor Posts

DateSubject
10/11/2020
11:27
speedsgh: Dividend Announcement - HTTPS://www.investegate.co.uk/acorn-income-fund--aif-/prn/dividend-announcement/20201110111526P2864/ The Directors are pleased to declare a fourth interim dividend for the year ending 31 December 2020 of 5.75p per Ordinary Share which represents an increase of 10.58% compared to the corresponding dividend for the year ended 31 December 2019. With this distribution the total dividend for 2020 will be 23p per Ordinary Share, a 10.58% increase on the 20.8p distribution in 2019. COVID-19 has led many UK companies to reduce or cancel dividend payments and this has impacted Acorn's earnings in 2020. The 23p per Ordinary Share distribution for the year will be achieved by drawing from the Company's revenue reserves. At 31 December 2019, Acorn had revenue reserves equal to 1.04 times the 2019 dividend. The Directors consider the current situation is one in which it is appropriate to draw on those reserves in order to maintain income levels for investors. Acorn will not distribute from capital. Dividends will only be paid out of current period revenues and revenue reserves. The recovery in the income flow from the Company's Smaller Companies portfolio is progressing well. Many of Acorn's investee companies initially adopted a cautious approach to the uncertainties that lay ahead and reduced or passed their dividends. These companies are now resuming dividend payments. A few have actually increased dividends above their 2019 level. There are nine investee companies in the portfolio that have not yet resumed dividends however our investment advisers for the Smaller Companies portfolio believe that most of these will make distributions in 2021. The directors will monitor the level of income generated by the portfolio and this in turn will inform decisions on the appropriate dividend distribution for 2021. Ex-Dividend Date: 3 December 2020 Record Date: 4 December 2020 Payment Date: 18 December 2020 Dividend per Share: 5.75 pence per Ordinary Share (Sterling)
17/8/2020
12:55
speedsgh: Interims are out. Q3 dividend payment maintained at 5.75p... Half-year Report - HTTPS://www.investegate.co.uk/acorn-income-fund--aif-/prn/half-year-report/20200817113000P7B8C/ Dividend Announcement - HTTPS://www.investegate.co.uk/acorn-income-fund/prn/dividend-announcement/20200817123603P89D2/ "At 31 December 2019, Acorn had revenue reserves equal to 1.04 times the 2019 dividend. The Directors consider the current situation is one in which it is appropriate to draw on those reserves in order to maintain income levels for investors. The interim results published today show that the revenue reserves at 30 June 2020 stood at 14.6p per share having been 21.6p per share at 31 December 2019. Acorn will not distribute from capital. Dividends will only be paid out of current period revenues and revenue reserves." "... the directors believe that 5.75p per share is a reasonable target for the fourth interim dividend that will be paid in December; however shareholders should note that the actual dividend will be set in the light of income earned over the remainder of the year as well as the outlook for 2021 and beyond."
05/8/2018
21:29
kimptonplace: Possibly because John Baron portfolios announced a sell on the 3 August from their portfolios . I assume several investors were then selling with few buyers in the market . So a case of sellers far utstripping the number of buyers
04/2/2014
14:21
alroyrob: Quattro44- I have contacted the company and was told that they believe there were some automated stop losses 'badly handled' by the Brokers last week and that is what has caused this situation. Imo, if/when the investors who were stopped out decide that the bottom has been reached and buy back in.. the share price could rise just as quickly as it has fallen. I see that the share price has just reached the 200 sma, often a common point to bounce from.
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