Acorn board recommend liquidation
Subject to shareholder and regulatory approval, the board of the Acorn Income investment company has recommended the voluntary liquidation of the trust. Shareholders can choose to move their holdings to the Unicorn UK Income fund or receive their value in cash. Unicorn has agreed to waive its management fees and entry charge for 12 months for Acorn shareholders choosing to move their investments over.
The trust’s ordinary shares are currently trading on a discount of 17.93% but news of the board’s proposal has boosted the fund’s share price by 11.20% at the time of publication (as at 1st September 2021).
1st September, 2021