Acorn Income Fund was launched in February 1999, and has a split capital structure with both Ordinary shares which receive a high level of income, during last year dividends of 23p were paid representing an increase of 10.6% on 2019 and offer a flat yield of 7.3%. It also has Zero Dividend Preference shares (ZDPs) which mature next February and offer a GRY of 5.9%. To mirror the two classes in the capital structure, the portfolio also has two distinct pools of assets; with 70%-80% being invested ....
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Two pronged approach
- Published:
25 Jan 2021 -
Author:
Paul Glover -
Pages:
3
Acorn Income Fund was launched in February 1999, and has a split capital structure with both Ordinary shares which receive a high level of income, during last year dividends of 23p were paid representing an increase of 10.6% on 2019 and offer a flat yield of 7.3%. It also has Zero Dividend Preference shares (ZDPs) which mature next February and offer a GRY of 5.9%. To mirror the two classes in the capital structure, the portfolio also has two distinct pools of assets; with 70%-80% being invested ....