Acorn Income Fund - Net Asset Value(s) PR Newswire (a closed-ended investment company incorporated in Guernsey with registration number 34778) LEI 213800UAZN7G46AHQM67 As at the close of business on 16 thDecember 2020 the estimated Net Asset Values of the Company's shares are as follows: NAV th December 2020 *Cum-income net asset value includes all current year income, less the value of any dividends paid in respect of the period together with the value of any dividends which have been declared and marked ex dividend but not yet paid. Where the cum-income NAV is lower than the ex-income NAV, this reflects the revenue deficit for the year to date. Prior to 12th November 2020, where there has been a deficit, the ex-income NAV has been reported as being the same as the cum-income NAV, but going forward, two different figures will be reported.