Acorn Income Fund (AIF)

Business description

AIF's objective is to provide a high level of income with the opportunity for income growth and capital growth over the life of the company. AIF is geared through a ZDP stock. The portfolio is split into two pools, one (70-80% of assets) is invested in UK small-cap equities, the other is an income portfolio containing sterling fixed-interest instruments, reverse convertibles and high-yielding shares in other investment companies.

Stock data

Market cap.£62.7m
Last close394.00p
High / Low (52 weeks)403.5p / 322.5p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Acorn Income cashes in after betting on FTSE slump

Thu, 27 Aug 2015 14:32:48 GMT

The UK's best fund finally expands for new investors

Fri, 10 May 2013 12:33:45 GMT

Investment Trust Watch: Bennett's chilling warning

Fri, 29 Jan 2016 14:48:37 GMT

Two bargain investment trusts that pay 3pc income

Wed, 16 Jul 2014 10:40:07 GMT

Buying opportunity in Acorn Income, says Winterflood's Elliott

Fri, 03 Oct 2014 07:00:25 GMT

Investment summary

Acorn Income Fund (AIF) aims to achieve a high income and potential for capital growth by investing 70-80% of its assets in a portfolio of well-financed UK smaller companies with attractive valuations and dividend growth, and 20-30% in high-yielding securities to add income and reduce capital risk. While long-term performance has been strong, the immediate aftermath of the UK’s vote to leave the EU caused a decline in domestically focused small caps. Since the half-year (30 June), AIF’s NAV has recovered well and now stands at an all-time high; in contrast, the share price is more than 7% below its 12-month high, suggesting scope for the wider-than-average discount to narrow. AIF gears its portfolio using zero-dividend preference shares (ZDPs); shareholders recently approved a proposal to extend the life of the ZDPs to February 2022 at an accrual rate of 3.85% pa.

Last updated on 09/01/2017

Key management

Company address

Anson Fund Managers Limited
PO Box 255, Trafalgar Court, Les Banques
St Peter Port
Guernsey
GY1 3QL
United Kingdom
01481 745001
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