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Diverse Income Trust (The) (DIVI)

Business description

DIVI targets an attractive and growing level of income with long-term capital growth, investing in a diversified portfolio of primarily UK-listed equities. It has a stronger focus on small and very small market capitalisation stocks than is typical of the UK Income & Growth peer group. As a stock specific portfolio there is no benchmark but the trust targets an initial yield of around 4% for the period to 31 May 2012 and income growth higher than other income funds.

Stock data

Market cap.£362.3m
Last close94.40p
High / Low (52 weeks)109.0p / 89.4p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment trusts

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Company news

BRIEF-Diverse Income Trust Declareed FY Dividend Of 0.85p Per Ordinary Share

Wed, 02 May 2018 11:48:45 GMT

Diverse Income Trust Builds 4.1% Interest In Rosenblatt Group (ALLISS)

Wed, 09 May 2018 14:48:45 GMT

Gervais Williams: my companies are being bought on the cheap

Wed, 18 Jan 2017 11:59:16 GMT

Investment Trust Watch: the hidden gem in UK Income

Fri, 21 Oct 2016 16:19:45 GMT

Where did it all go wrong for Troy Income & Growth?

Fri, 06 Dec 2013 08:45:10 GMT

Investment summary

The Diverse Income Trust (DIVI) aims to generate a good and increasing level of income, as well as capital gains over the long term. It primarily invests in UK equities, across the market capitalisation spectrum, seeking companies that are underappreciated by the market and able to generate productivity gains, which in turn underpin future dividends growth. The trust has around two-thirds of its holdings in companies outside of the FTSE 350 index, and is relatively lowly correlated with mainstream UK indices. DIVI has a solid medium- and long-term performance track record with a total return of c 14% pa when both the NAV and dividend income are included, over the period since inception in April 2011 to end-September 2018. UK equities remain out of favour ahead of Brexit and volatility has increased. This combination is presenting greater opportunity to add value, according to the managers Gervais Williams and Martin Turner.

Last updated on 29/10/2018

Latest video

Bitesize Briefings - The Diverse Income Trust

Key management

Michael Wrobel, Chairman
Gervais Williams, Fund manager
Martin Turner, Fund manager

Company address

10-14 Duke Street
Reading
Berkshire
RG1 4RU
United Kingdom
+44 (0) 118 952 8900
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