Dividend Declaration

21 January 2016

Acorn Income Fund Limited

Re:      Dividend Announcement

The Directors of Acorn Income Fund Limited (the "Company") have declared a first interim dividend of 3.5 pence per Ordinary Share for the year ending 31 December 2016, which represents an increase of 7.7% compared to the corresponding dividend for the year ended 31 December 2015.

Ex Dividend Date	17 March 2016
Record Date	18 March 2016
Payment Date	29 March 2016
Dividend per Share	3.5 pence per Ordinary Share (Sterling)

For further information please contact:

Northern Trust International Fund Administration Services (Guernsey) Limited

Company Secretary      [phone]