ACORN INCOME FUND LD - Net Asset Value(s)

ACORN INCOME FUND (the "Company")

 (a closed-ended investment company incorporated in Guernsey with registration
                                 number 34778)

Net Asset Values

As at the close of business on 22nd April 2015 the estimated Net Asset Values of
the Company's shares are as follows:

                        NAV       Shares in     NAV Date
                                  Issue

Cum-income NAV*         363.04p   15,468,334    22nd April 2015

Ex-income NAV**         357.87p   15,468,334    22nd April 2015

ZDP shares              123.33p   20,763,386    22nd April 2015

*Cum-income net asset value includes all current year income, less the value of
any dividends which have been declared and marked ex dividend but not yet paid.

**Ex-income net asset value excludes all current year income as well as the
value of any dividends which have been declared and marked ex-dividend.

Total assets less current liabilities as at the above date were GBP81.764
million. This amount excludes the liability for the ZDP Shares which mature on
31 January 2017. The portfolio has been valued using bid prices.

Net assets attributable to holders of Ordinary Shares as at the above date were
GBP56.157 million.

TOTAL NUMBER OF VOTING RIGHTS

The ZDP Shares shall not have the right to attend or vote at any general
meeting ofthe Company unless the business of the meeting includes any
resolution to vary, modify or abrogate any of the special rights attached to
the ZDP Shares. Accordingly, the total number of voting rights in the Company
is 15,468,334.

Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Harry Rouillard 44 (0)1481 745001
Date: 24th April 2015