Acorn Income Fund Limited (the "Company")                   
      (a closed-ended investment company incorporated with limited liability under 
                  the laws of Guernsey with registered number 34778)               

                              RESULT OF CLASS MEETING OF                           
                                 ORDINARY SHAREHOLDERS                             

                                   21 December 2016                                

    The Company advises that the Class Meeting of Ordinary Shareholders convened on
    20 December 2016 at 2.05pm was adjourned to 2.35pm on the same day at the same
    place, at which time those Ordinary Shareholders present in person or by proxy
    constituted a quorum.

    The Company is pleased to announce that the special resolution, outlined below,
    put to the Ordinary Shareholders at the Class Meeting was duly passed:

    "That the holders of Ordinary Shares hereby sanction and consent to:

    1.1  the passing and carrying into effect, as a special resolution of the
    Company, of the first resolution contained in the notice of extraordinary
    general meeting of the Company dated 29 November 2016; and

    1.2 any variation or abrogation and/or deemed variation or abrogation of the
    rights attached to the Ordinary Shares which will, or may, result from the
    passing and carrying into effect of the resolution referred to in the foregoing
    sub-paragraph of this resolution and/or the implementation of the Proposals (as
    defined in the circular to Shareholders of the Company dated 29 November
    2016)."

    (1,338,228 votes in favour, 0 votes against, 0 votes withheld)

    Enquiries:
    Company website: https://www.premierfunds.co.uk/investors/investments/
    investment-trusts/acorn-income-fund

    Investment Manager:
    Premier Fund Managers Limited
    Nigel Sidebottom
    Tel: +44 (0) 1483 400 465
    Email: nigelsidebottom@premierfunds.co.uk

    Broker, Financial Adviser and Sponsor:
    Numis Securities Limited
    Nathan Brown
    Tel: +44 (0) 20 7260 1426
    Email: n.brown@numis.com

    Company Secretary:
    Northern Trust International Fund Administration Services (Guernsey) Limited
    Cara De La Mare
    Tel: +44 (0) 1481 745498
    Email: cd109@ntrs.com