Acorn Capital Investment Fund Ltd

Acorn Capital Investment Fund Limited is an Australia-based investment company. The principal activity of the Company is to invest in a portfolio of listed and unlisted microcap companies. The Company has an investment portfolio consisting primarily of equity securities, convertible notes and warrants. The Company has been established to provide security holders with access to a diversified portfolio of Australian emerging companies which, over a rolling 7 to 10 year basis, outperforms its benchmark, the Standard & Poor's (S&P)/Australian Securities Exchange (ASX) Small Ordinaries Accumulation Index. The Company invests in various sectors, including consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, communication services, utilities, financials and cash. Its investment manager is Acorn Capital Limited.