Acorn Capital Investment Fund Limited (ASX:ACQ) announces a share repurchase program. Under the program, the company will repurchase up to 4,893,527 shares, representing 10% of its share capital. The shares will be repurchased on market. The purpose of buyback is on-going capital management. No shareholders’ approval is required in order to commence the program. The repurchase will commence on October 10, 2016 and will be valid till October 9, 2017 or earlier if the maximum number of shares is bought back prior to that date. The company reserves the right to suspend or terminate the buyback at any time. As of September 23, 2016, the company has 48,935,277 shares in issue. Morgans Financial Limited acted as the broker.