LONDON, March 25, 2011 - The Diverse Income Trust plc (DIVI) is a new investment trust targeting
both an attractive and growing income as well as long-term capital growth,
through investment in a diversified portfolio of securities, primarily listed
UK equities with a high concentration on small and very small companies.
trust aims to pay quarterly dividends and targets a prospective annualised
yield at inception no less than 4.0%.
An introduction to Henderson International Income Trust
The significant focus on smaller
companies is different to most of the established UK income and growth trusts
and offers investors a greater degree of diversification away from the FTSE
100 companies. Further, the manager believes that many smaller companies will
be able to grow faster in a period of modest economic growth and grow their
dividends faster, and are under-researched and under-valued.
He believes that
these characteristics will be increasingly appreciated by the market.
Please click here to view the full report: bit.ly/Edison-DIVI
The trust's ordinary shares are being issued at 50p. With issuance costs
capped at 2.5%, DIVI will begin trading with a minimum underlying NAV of
48.75p and, as such, shares are being issued at a maximum 2.6% premium to
The trust does not have a fixed-life term but will include an
annual redemption facility and may also use buybacks to manage any discount.
In the current interest rate environment an attractive yield should bolster
the rating of the shares, which should be attractive to investors seeking a
high level of income combined with the prospect of capital growth.
Edison is Europe's leading investment research company.
It has won
industry recognition, with awards in both the UK and internationally. The
team of more than 65 includes over 35 analysts supported by a department of
supervisory analysts, editors and assistants.
Edison writes on more than 280
companies across every sector and works directly with corporates, investment
banks, brokers and fund managers. Edison's research is read by major
institutional investors in the UK and abroad, as well as by the private
client broker and international investor communities. Edison was founded in
2003 and is authorised and regulated by the Financial Services Authority
Contact details: [email protected] or
Contact details: enquiries at edisoninvestmentresearch.co.uk or +44(0)20-3077-5700