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 Shares Traded Last Trade
  0.00 0.0% 418.00 468 01:00:00
Bid Price Offer Price High Price Low Price Open Price
412.00 424.00 418.00 418.00 418.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 4.22 3.53 22.31 18.7 67
Last Trade Time Trade Type Trade Size Trade Price Currency
09:06:12 O 468 424.00 GBX

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Date Time Title Posts
23/9/202108:03Acorn Income I. T.290

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Acorn Income Fund Ld Daily Update: Acorn Income Fund Ld is listed in the General Financial sector of the London Stock Exchange with ticker AIF. The last closing price for Acorn Income Fund Ld was 418p.
Acorn Income Fund Ld has a 4 week average price of 366.50p and a 12 week average price of 345.50p.
The 1 year high share price is 420.50p while the 1 year low share price is currently 244p.
There are currently 15,916,687 shares in issue and the average daily traded volume is 51,745 shares. The market capitalisation of Acorn Income Fund Ld is £66,531,751.66.
speedsgh: AGM/EGM set for 12 Oct... Publication of Circular: Scheme of Reconstruction and Winding Up - HTTPS://www.investegate.co.uk/acorn-income-fund--aif-/prn/publication-of-circular-announcement/20210923070100P8159/ Final interim dividend of 7.5p payable 8 Oct (XD 30 Sept) in respect of remaining estimated revenue reserves as at 22 Sept. No further dividend payments anticipated... Dividend Announcement - HTTPS://www.investegate.co.uk/acorn-income-fund--aif-/prn/dividend-announcement/20210923070200PC9EE/
riverman77: Had a quick look and Unicorn Income fund looks ok - top quartile performer over 3 and 5 years. I guess rolling over into the fund would mean you wouldn't suffer the transaction and other costs. Something to think about anyway. Last NAV for AIF was 449p so still at big discount even after today's rise. May sell if it gets within 5% of NAV.
rcturner2: I have decent position in AIF and like many others I suspect that people come here for the income from the dividend which could be acquired at a decent discount. There are very few equity trusts (I know there is a small bond aspect here as well) that have the same value. Plus the fact that the two largest holdings are Somero and Polar Capital, both excellent investments. To suddenly announce that they were going to bin that all off is IMHO ludicrous.
whilstev: I agree they are very cheap , would ordinarily be buying myself but until there is clarity on future dividend policy and obviously what direction the future managers intend to go in it is difficult to regard AIF as anything other than speculative. But sometimes it pays to speculate so good luck to all buyers.
adrunkenmarcus: It seems extraordinary that the BMO proposal got so far if there does not appear to be certain majority shareholder support! I'll watch AIF with interest but I've bought BRSC now and have rather more trust in their Board.
8w: AIF was likely to be wound up with the BMO proposal, let's hope the next option reflects at least some of the current characteristics of the AIF we bought into.
speedsgh: 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.
adrunkenmarcus: 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.
whilstev: 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.
speedsgh: 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.
Acorn Income Fund Ld share price data is direct from the London Stock Exchange
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