Edison issues update on The Diverse Income Trust
London, UK, 30 April 2021
Edison issues update on The Diverse Income Trust (DIVI)
The Diverse Income Trust (DIVI) topped the ranking of UK high dividend yield closed end funds at its 10-year performance anniversary on par with one peer by NAV total return (TR). This multi-cap trust is little correlated with UK equity indices but reflects the UK market's performance trend. The managers Williams and Turner believe income shares, or what they call 'short-duration' shares, will outperform growth equities during the continuing UK and global recovery from the pandemic.
DIVI currently trades at a 1.6% cum-fair premium, close to NAV, in line with the board's stated key performance indicators. The trust has issued shares in the past two weeks.
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