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Share Name Share Symbol Market Type Share ISIN Share Description
Acorn Income Fund Ld LSE:AIF London Ordinary Share GB0004829437 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 418.00 412.00 424.00 418.00 418.00 418.00 3,092 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 4.2 3.5 22.3 18.7 67

Acorn Income Fund Ld Share Discussion Threads

Showing 251 to 274 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
12/8/2021
07:16
Dividend Declaration and Update on Future of the Company - HTTPS://www.investegate.co.uk/acorn-income-fund--aif-/prn/dividend-declaration-and-update-on-future-of-the-company/20210812070000P1220/ Dividend declaration The Directors are pleased to declare a third interim dividend for the year ending 31 December 2021 of 5.75p per Ordinary Share, which is in line with the corresponding dividend for the year ended 31 December 2020 and also that of the first and second interim dividends for 2021. Ex-Dividend Date: 9 September 2021 Record Date: 10 September 2021 Payment Date: 30 September 2021 Dividend per Share: 5.75 pence per Ordinary Share (Sterling) Update on the future of the Company Further to the Company’s announcement on 17 May 2021, where the Board of the Company announced proposals to recommend the appointment of BMO Global Asset Management to manage the Company under a new Sustainable Global Equity Income investment strategy (the “BMO Proposal”), the Board has received further interest from managers regarding the future of the Company. Despite the Board continuing to believe that the BMO Proposal is an attractive investment proposition, after careful consideration of shareholder feedback the Board has concluded that an alternative proposal to the BMO Proposal may represent a more suitable proposition for the Company’s shareholders. Given the continued shareholder consultations and the review process of alternative proposals, the Company confirms that the Extraordinary and Annual General Meetings will not be held in August 2021 as previously expected. An announcement with further details on the future of the Company will be published as soon as practicable and expected to be no later than mid-September. Thereafter, the Company expects to publish a circular in relation to the Board's proposals for the future of the Company, including a notice convening the Extraordinary and Annual General Meetings.
speedsgh
09/8/2021
21:44
I sold my AIF around 360p as I didn't like the new mandate (as proposed). The proceeds mostly went into BRSC, since up about 12% including a dividend. I didn't like selling at a NAV discount but BRSC has produced a return, so far, equal to about 403p per AIF share I sold.
adrunkenmarcus
09/8/2021
20:57
Maybe they are struggling to sell the proposed new investment objective/policy to major shareholders?
speedsgh
09/8/2021
14:52
Half year results due soon so would expect to hear then. Meanwhile discount to NAV now over 22%.
whilstev
09/8/2021
14:28
Gone v quiet. What happened to the shareholders circular we were promised?
rogerrail
04/8/2021
14:26
Can't see any compelling reason to vote for a continuation as it stands - liquidation would give immediate 15% uplift (20% discount less 5% costs) versus switching to a rather bland sounding global sustainable strategy, which would also be costly as they'd had to sell petty much everything and build a new portfolio.
riverman77
04/8/2021
14:09
NAV is currently over 20% above the share price. They need to come up with a cunning plan to convince share holders to vote for continuation.
whilstev
04/8/2021
12:44
Cheers speedsgh
2wild
04/8/2021
12:39
The AIF website currently states: Please note that on 17 May 2021, the Board of Acorn Income Fund Limited (the “Company”) announced a proposed change in investment manager and a new investment objective and policy. The proposals are subject to shareholder and regulatory approvals. A circular with further details of the proposals, including a notice convening the Extraordinary and Annual General Meetings, both to be held in August 2021, is expected to be published in July 2021. Please click here for more details, or if you have questions about the proposal, email Premier Miton Head of Investment Trusts, Claire Long via claire.long@premiermiton.com HTTPS://www.acornincome.co.uk/ ----------------- AFAICS the circular has still not been published and no AGM/EGM date has been set so more info on these should be imminent.
speedsgh
04/8/2021
12:10
When is the discontinuation vote?
2wild
16/7/2021
11:40
Easiest way to close your discount is to vote against continuation - or rather in this case a vote FOR discontinuation I believe
big jim5
13/7/2021
17:13
@whilstev I agree with you and I'm increasing my stake accordingly, do i feel comfortable doing it? No! but thats often the best time to buy. BMO will definitely want the discount to shrink!
tykethat
13/7/2021
12:21
Discount back at 19.5%. Personally I feel this is totally unjustified but hey you cant fight the market.
whilstev
09/6/2021
15:16
Some buying of the dividend. Ex tomorrow , will be interesting what course it takes after that. It is good to see it recovering after last weeks sell off though.
whilstev
09/6/2021
13:50
Discount to nav is narrowing, share price up 30p in last 7.5 trading days. Discount down from 19.5% some days ago to about 14% now.
2wild
09/6/2021
08:19
If this goes to bmo or discontinues, we will get closer to nav, so why isn't the nav narrowing? Ex div tomorrow, worth a buy now?
chc15
28/5/2021
19:06
I hold IPU as well, I would not be selling that.
rcturner2
28/5/2021
16:35
Brought 5 tranches today at between 242p and 244.8p, an average 19.5% discount to NAV. Sold IPU @ 610p SDV 225p and reduced ASIT at 89.07p, for an average 6% discount to NAV.
2wild
28/5/2021
09:33
On the question of a cash exit, usually when an IT is having a total change of strategy, i.e. going from UK small caps to global large ESG caps as in this case, the board would offer a cash exist so shareholders can choose to either go with the new strategy, or get their money out if they disagree. If was a more minor modification, such as changing the manager but sticking with the same investment policy, then there would be no need for it. As it is, the board are making an asset allocation decision on behalf of shareholders - which strikes me as rather presumptuous to say the least.
big jim5
28/5/2021
09:32
It certainly looks like discontinuation for me the discount is approaching 20%. I think there has been a big vote of no confidence in the boards plan for the trust.
whilstev
28/5/2021
09:27
As non-executives, with fiduciary responsibilities to shareholders, they will not have been able to accept a fee for taking the fund to BMO as it would have compromised their judgement. Indeed for BMO to even offer such would technically amount to bribery.
big jim5
28/5/2021
09:16
"I think the board will come to regret not offering a cash exit for shareholders" Why? The board presumably gets a fee for transferring the fund if it goes through ... .. it was presumably a no brainer for them given that the board seem largely uninterested in continuing under the current model. I think it a shame - it was/is a good fund.
keith95
28/5/2021
09:06
I think the board will come to regret not offering a cash exit for shareholders who are less than impressed with the proposals. No brainer for me - vote in favour of discontinuation.
big jim5
28/5/2021
08:57
Grabbed a few back on the drop yesterday .... I'd sold out and moved in to HFEL. I'll be voting to discontinue ..... but it seems a bit of a no brainer ... The company as it stands is being discontinued either by vote or by a change in strategy ... either way the discount to NAV is going to be realized. The only question is whether the new strategy will trade at the same discount.
keith95
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