ACQ declares interim fully franked dividend

Acorn Capital Investment Fund (ASX: $ACQ) has declared an interim fully franked dividend of 2.75 cents per share for the half year ended 31 December 2023. The dividend is consistent with the Board's policy of paying at least 5% of post-tax NTA for the prior financial year. It will be paid on 23 May 2023.

ACQ Board's intentions for future dividend payments

Acorn Capital Investment Fund Limited intends to pay an annual dividend targeting at least 5% of closing post-tax NTA for each financial year, franked to the highest extent possible and without the Company incurring a liability. The Company also aims to distribute excess franking credits by way of special dividend, subject to having sufficient profit and cash flow to make such payments.

Summary of ACQ's interim fully franked dividend declaration

Acorn Capital Investment Fund (ASX: $ACQ) has declared an interim fully franked dividend of 2.75 cents per share for the half year ended 31 December 2023, in line with its policy of paying at least 5% of post-tax NTA for the prior financial year. The Board reaffirms its intentions to pay annual dividends targeting at least 5% of closing post-tax NTA for each financial year, franked to the highest extent possible, and to distribute excess franking credits by way of special dividend, subject to having sufficient profit and cash flow to make such payments.