Acorn Income Fund Ltd (LSE:AIF) commences share repurchases on September 15, 2014 under the program mandated by the shareholders in the Annual General Meeting held on September 3, 2014. As per the mandate, the company is authorized to repurchase up to 25% and up to 5% of its issued ordinary shares. The minimum price payable by the company for each ordinary share is £0.01 and the maximum price payable by the company for each ordinary share will be an amount higher than 105% of the average of the middle market quotations for an ordinary share as derived from The London Stock Exchange for the five business days immediately preceding the day on which that ordinary share is purchased.

Unless previously varied, revoked or renewed, the share repurchase program is valid until the next Annual General Meeting in 2015.