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Diverse Inc Trust (DIVI)

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Monday 22 October, 2012

Diverse Inc Trust

Possible C Share Issue


Possible C Share Issue

In the period from the Company's admission to listing on 28 April 2011 to 
18 October 2012, the price per ordinary share has increased by approximately 16%
with an NAV Total Return of approximately 18%, outperforming the FTSE All Share
Index and ranking The Diverse Income Trust as the top performing company in the
UK Income and Growth sector over that period on an NAV Total Return basis.

As at 18 October 2012 the ordinary shares traded at a premium to the prevailing
cum income NAV of 5.3% as compared to an average discount for the UK Income and
Growth sector of 2.2%.

The Company continues to benefit from the proven management skills of Gervais
Williams and Martin Turner at MAM Funds as evidenced by this performance.

Accordingly, the Board is considering scaling up the Company's capital base
through a C Share issue targeting gross proceeds of £20 million. Any such
fundraising would be expected to reduce the Total Expense Ratio as well as
broaden the Company's investor base to improve market liquidity for existing
Shareholders.

Any fundraising would be structured so as not to be dilutive to existing
Shareholders' NAV with any costs being borne by subscribers of the C Share issue.
 
Any eventual issue of C Shares would be expected to take place in December 2012.

The Company is taking legal, tax and financial advice and will make a further
announcement in due course. 

For further information please contact:

MAM Funds plc
Gervais Williams [email protected] +44 (0)78 1133 1824

Cenkos Securities plc
Chris Lunn [email protected] +44 (0)20 7397 1912
Dion Di Miceli [email protected] +44 (0)20 7397 1921

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