Director/PDMR Shareholding

ACORN INCOME FUND LIMITED
(a closed-ended investment company incorporated in Guernsey with registration number 34778)
LEI 213800UAZN7G46AHQM67

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Connected Persons

25 September 2019

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Nigel Ward
b)	Position / status	Non-Executive Chairman
c)	Initial notification / amendment	Initial Notification
2.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary shares
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 340.5p 7,000
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	25 September 2019
f)	Place of the transaction	London Stock Exchange

Enquiries
Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
PO Box 255, Trafalgar Court
Les Banques, St Peter Port
Guernsey GY1 3QL

Tel: [phone]