TIDMDIVI

Diverse Income Trust PLC (The)

18 October 2019

London, UK, 18 October 2019

Edison issues review on The Diverse Income Trust (DIVI)

The Diverse Income Trust (DIVI) aims to provide shareholders with an attractive and growing level of income, as well as capital growth, over the long term. Unconstrained by index considerations, the managers (Gervais Williams and Martin Turner) have a wide investment universe from which to select companies that are well managed and able to deliver sustainable and growing dividends. The portfolio is well diversified, with a bias towards small-cap companies; since DIVI's inception in April 2011 to end-September 2019, the trust has delivered an annualised NAV total return of 11.5% and consistent growth of its regular dividend.

DIVI currently trades at a 5.2% discount to its cum-income NAV, which is wider than its three-year average discount of 1.3%. The board is committed to maintaining the share price close to the NAV and there is an annual redemption opportunity for shareholders. There is scope for the discount to narrow should the current very weak investor appetite for UK equities, and small-caps in particular, improve.

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Helena Coles, +44 (0)20 3681 2522

Sarah Godfrey, +44 (0)20 3681 2519

investmenttrusts@edisongroup.com

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