6 June 2017

                               Acorn Income Fund Limited                           

                                 Dividend Announcement                             

    The Directors have declared a second interim dividend of 4.5 pence per Ordinary
    Share for the year ending 31 December 2017, which represents an increase of
    12.5% compared to the corresponding dividend for the year ended 31 December
    2016.

    Ex Dividend Date          15 June 2017                                       
                                                                                 
    Record Date               16 June 2017                                       
                                                                                 
    Payment Date              30 June 2017                                       
                                                                                 
    Dividend per Share        4.5 pence per Ordinary Share (Sterling)            

    For information please contact:

    Northern Trust International Fund Administration Services (Guernsey) Limited
    Company Secretary +44 (0) 1481 745498

    Premier Asset Management
    Nigel Sidebottom + 44 (0) 1483 30 60 90