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

21 October 2020

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	JOHN NIGEL WARD
b)	Position/Status	Non-Executive Director/CHAIR
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	Acorn Income Fund Limited   Red Zero Div Pref
b)	Nature of the transaction	Acquisition Not linked to a share option programme, investment programme or trading plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 158.93p 10,000
d)	Aggregated information Aggregated volume Price	Not applicable - single transaction
e)	Date of the transaction	20/10/20 – UK time zone
f)	Place of the transaction	Hargreaves Lansdown platform

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]