Interim Management Statement

DIVERSE INCOME TRUST PLC

Interim Management Statement - Three Months to 28 February 2014

Diverse Income Trust plc (the "Company") presents its interim management
statement for the period 1 December 2013 to 28 February 2014. This constitutes
the Company's second interim management statement for the financial year ending
31 May 2014, as required by the UK Listing Authority's Disclosure and
Transparency Rule 4.3.

Investment Objective

The Company's investment objective is to provide an attractive level of
dividends coupled with capital growth over the long term.

Review of the Period

Over the last three months, equity markets have fluctuated with increasing
volatility. Overall, global economic growth has been modest and many larger
companies are struggling to generate organic growth. Smaller companies often
have better growth prospects than multi-nationals in times of macro-economic
constraint since they have greater scope to take additional market share.
Selectively, the market has also been healthy in terms of smaller company new
issues and secondary issues for existing holdings looking to raise money for
value enhancing mergers and acquisitions. Our focus remains on identifying
individual companies that are able to sustain growth irrespective of the
economic background.

                                                28 Feb 2014        30 Nov 2013 
Ordinary shares                                  (unaudited)        (unaudited)
                                                                               
Mid-market share price                                 89.0p             79.3p 
                                                                               
Net asset value per share including                    83.9p             77.6p 
revenue                                                                        
                                                                               
Net asset value per share excluding                    
revenue                                                83.3p             77.0p 
                        
                                                                               
Premium to net asset value                              6.1%              2.1%
                                                                               
Total assets (including income)                      £272.1m           £257.2m
                                                                               
% net cash/(gearing)                                    0.5%              3.2%

There were no ordinary shares bought back during the period.

A third interim dividend of 0.5p pence per ordinary share has been declared to
ordinary shareholders on the register on 28 March 2014, and will be paid on 
31 May 2014.


Total Return Performance to 28 February 2014

Ordinary shares                             3 months    6 months    12 months  
                                                   %           %            %

NAV *                                            8.3        21.0         35.3

Share price (mid)                               12.4        23.3         44.8

Sources: * NAV returns based on NAVs excluding income. Total returns assume
that dividends are reinvested at the ex-dividend date.


Top Twenty Equity Holdings

                                   Sector/business       % of total assets
Name                                  activity         as at 28 February 2014

SQS Software                     Software & Computer
                                      Services                  2.0

Charles Taylor Consulting        Financial Services             1.8

Stobart Group                        Industrials                1.7

Randall & Quilter Investment     
Holdings plc                     Non Life Insurance             1.7

Plus500                          Financial Services             1.6

Fairpoint                        Financial Services             1.6

Bioventix                         Pharmaceuticals &
                                    Biotechnology               1.6

Conviviality Retail plc              Food & Drug
                                      Retailers                 1.5

Safestyle UK plc                  Consumer Services             1.5            
                                                                               
Secure Trust Bank                       Banks                   1.4            
                                                                               
CML Microsystems                    Technology &
                                      Hardware                  1.4

St Ives                           Support Services              1.4

UK Mail                              Industrial
                                   Transportation               1.4

Quindell Portfolio               Software & Computer
                                      Services                  1.3

Cable & Wireless                     Fixed Line
                                 Telecommunications             1.3

DX (Group)                           Industrials                1.3

Dairy Crest                        Food Producers               1.2

Bloomsbury Publishing                   Media                   1.2

Huntsworth                              Media                   1.2            

Lancashire Holdings              Non Life Insurance             1.2

Total                                                          29.3           


On 31 March 2014, the Company announced that, taking into account the Company's
performance since IPO, the current rating of its shares, and the Manager's
outlook for potential investee companies and the Company's underlying
portfolio, the Board is considering increasing the Company's capital base
through a pre-emptive offer of C Shares to raise up to approximately 
£50 million of gross proceeds in June 2014.

This is an interim management statement. Full details of the Company, including
the current share prices, NAVs and factsheets, are available at 
www.mitongroup.com/dit.

Except as reported above, the Board is not aware of any material events or
transactions occurring between 28 February 2014 and the date of publication of
this interim management statement which would have a material impact on the
financial position of the Company.

8 April 2014

Neither the contents of the Diverse Income Trust plc website nor the contents of
any website accessible from hyperlinks on the website (or any other website) is
incorporated into, or forms part of, this announcement.