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Diverse Inc Trust (DIVI)

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Tuesday 22 July, 2014

Diverse Inc Trust

Appointment of AIFM & Depositary


The Diverse Income Trust plc

NOTICE OF ENTRY INTO ARRANGEMENTS WITH SERVICE PROVIDERS TO ENSURE COMPLIANCE
WITH THE ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE (2011/61/EU) ("AIFMD")

The Diverse Income Trust plc (the "Company") announces that with effect from 
22 July 2014, the Company entered into the arrangements necessary to ensure
compliance with the AIFMD.

Following a review of the Company's arrangements, the Company's Board of
Directors (the "Board") has approved the appointment of PSigma Unit Trust
Managers Limited ("PUTM"), a Miton Group Company, as the Company's Alternative
Investment Fund Manager ("AIFM") on the terms of and subject to the conditions
of a new investment management agreement between the Company and PUTM. PUTM has
been approved as an AIFM by the UK's Financial Conduct Authority.

The existing investment management agreement between the Company and Miton
Asset Management Limited ("MAM"), which is not authorised as an AIFM, has been
terminated, although MAM has been appointed by PUTM as investment manager to
the Company, pursuant to a delegation agreement.

The arrangements in respect of the management fee and notice period remain
unchanged.

The Board has also appointed BNY Mellon Trust & Depositary (UK) Limited (the
"Depositary") to act as the Company's Depositary (as required by the AIFMD) on
the terms and subject to the conditions of a Depositary agreement entered into
between the Company, the AIFM and the Depositary. The Bank of New York Mellon
SA/NV will act as Custodian.

For enquiries please contact:

David Barron      [email protected]      020 3714 1474

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