News Column

Acorn Income Corp. Declares Distribution of $0.316 Per Share

July 8, 2014

Calgary, Alberta, Canada(FSCwire) - Acorn Income Corp. (CSE – ACI) (“Acorn” or the “Company”), announced today that its board of directors has declared a distribution to shareholders of $0.316 per class A voting share in connection with the wind-up of Acorn.  The distribution will be made as a return of capital to shareholders of record on July 14, 2014.  The distribution will be payable on July 18, 2014.

The wind-up of Acorn was approved by the shareholders at the annual general and special meeting held on February 3, 2014. The Corporation does not anticipate that any additional funds will be distributed to the shareholders of the Corporation. 

Shareholders should consult with their tax advisors as to the tax consequences of the distribution that will be made on July 18, 2014.  

For further information, please contact Elias Foscolos, Chief Executive Officer and Chief Financial Officer of Acorn Income Corp.,  Tel: (403) 265-6540, Fax (403) 206-7185, Toll free in Canada 1-888-708-5757, Email:

This news release contains forward-looking statements and information ("forward-looking statements") within the meaning of applicable securities laws including the distribution of funds to shareholders and  the dissolution. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based upon currently available information to the Company. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in forward-looking statements. Risks include, but are not limited to: receipt of all required regulatory approval, changes in tax laws, the ability of the Company to effect an orderly wind-up of its operations, the possible delay in implementation of the liquidation and dissolution, the timing and amount of payments to shareholders, and unknown liabilities which may be asserted in connection with the liquidation. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in more detail in the Company’s management’s discussion and analysis and other documents available at Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release, and, except as required by applicable law, The Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

To view this press release as a PDF file, click onto the following link:


Source: Acorn Income Corp. (CSE:ACI)

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Filing Services Canada

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters