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Diverse Inc Trust (DIVI)

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Thursday 03 October, 2013

Diverse Inc Trust

Holding(s) in Company


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                          
                                  
1. Identity of the issuer or the underlying issuer             The Diverse Income Trust 
of existing shares to which voting rights are                            PLC            
attached:                                                                               
                                                                                        
2. Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                             
                                                                                        
An acquisition or disposal of qualifying financial instruments which may result         
in the acquisition of shares already issued to which voting rights are attached         
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):                                                                 
                                                                                        
Pursuant to the Scheme for the reconstruction and voluntary winding up of             X 
Miton Opportunities Trust PLC                                                           
                                                                                        
                                                                                        
                                                                                        
3. Full name of person(s) subject to the                    Prudential plc group of     
notification obligation:                                           companies            
                                                                                        
4. Full name of shareholder(s)                               See attached schedule      
 (if different from 3.):                                                                
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                               01 October 2013         
reached:                                                                                
                                                                                        
6. Date on which issuer notified:                               02 October 2013         
                                                                                        
7. Threshold(s) that is/are crossed or                            See item 13           
reached:                                                                                


8. Notified details:                                                                                
                                                                                                    
A: Voting rights attached to shares                                                        
                                                                                                    
Class/type   Situation previous      Resulting situation after the triggering transaction     
of           to the triggering                                                                      
shares       transaction                                                                            
                                                                                                    
                                                                                                    
if possible  Number      Number      Number     Number of voting       % of  voting rights    
using        of          of          of shares  rights                                        
the ISIN     Shares      Voting                                                               
CODE                     Rights                                                               
                                     Direct     Direct        Indirect Direct    Indirect     
                                                                                                 
                                                                                                    
GB00B65TLW28 Below 5%    Below 5%    47,314,087 47,314,087    0        14.58%    0      
                    
          
                                             
B: Qualifying Financial Instruments                                                                 
                                                                                                    
Resulting situation after the triggering transaction                                                
                                                                                                    
Type of        Expiration           Exercise/          Number of voting              % of voting    
financial      date                 Conversion Period  rights that may be            rights         
instrument                                             acquired if the                              
                                                       instrument is                                
                                                       exercised/ converted.                        

                             
 
C: Financial Instruments with similar economic effect to Qualifying Financial                       
Instruments                                                                             
                                                                                                    
Resulting situation after the triggering transaction                                                
                                                                                                    
Type of       Exercise price   Expiration Exercise/   Number of voting rights    % of voting rights 
financial                      date       Conversion  instrument refers to                          
instrument                                period                                                    
                                                                                                    
                                                                                                    
                                                                                 Nominal Delta       
             
                                                                    
Total (A+B+C)                                                                                       
                                                                                                    
Number of voting rights                            Percentage of voting rights                      
                                                                                                    
47,314,087                                         14.58%                                           
     


9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable:                              
                                                                   
Prudential plc (parent Company)                                                         
                                                                             
M&G Group Limited (wholly owned subsidiary of Prudential plc)                           
                                                                                        
M&G Limited (wholly owned subsidiary of M&G Group Limited)                              
                                                                                        
M&G Investment Management Limited (wholly owned subsidiary of M&G Limited)              
                                                                                        
The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential         
plc)                                                                                    


                                                                    
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                       N/A                 
                                                                                        
11. Number of voting rights proxy holder will cease                 N/A                 
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                   N/A                 
voting rights:                                                                          
                                                                                        
                                                                       
13. Additional information:                                                             
                              Prudential plc (parent Company) previously held a position
                              in Miton Income Opportunities Trust plc (6,574,597 shares).       
                              Pursuant to the Scheme, eligible shareholders of Miton    
                              Income Opportunities Trust plc have now received 7.1965 
                              The Diverse Income Trust ordinary shares for every share held.        
                                                      
                              We now hold 47,314,087 shares in The Diverse Income Trust plc.
                                                  
                                                                                        
14. Contact name:             James Todd / Mark Thomas                                                   
                              M&G Investment Management Limited                         
                                                                                        
15. Contact telephone number: 020 7548 2293 / 020 7548 3266

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