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Diverse Inc Trust (DIVI)

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Friday 30 May, 2014

Diverse Inc Trust

Publication of Prospectus


The Diverse Income Trust plc (the "Company")

Publication of Prospectus

Further to the Company's announcement on 19 May 2014 in relation to a possible
C share issue, the Company has today published a prospectus setting out details
of an Open Offer, Placing and Offer for Subscription of C shares to raise in
excess of £30 million (the "Prospectus").

Pursuant to a side letter dated 30 May 2014, the Company and the Manager have
agreed a reduction in the management fee payable to 0.8 per cent of the excess
of the Market Capitalisation above £300 million. The management fee will remain
at one per cent. of Market Capitalisation that is less than or equal to £300
million.

The prospectus will be available for inspection at the National Storage
Mechanism which is located at www.morningstar.co.uk/uk/NSM and on the Company's
website www.mitongroup.com/dit

Terms defined in the Prospectus have the same meaning when used in this
announcement.

Expected Timetable

Record date for entitlements under the Open Offer                         29 May 2014

Placing, Open Offer and Offer for Subscription Opens                      30 May 2014

Ex-entitlement date for Open Offer                                        8.00am on 2 June 2014

Latest time and date for depositing Open Offer Entitlements
into CREST                                                                3.00pm on 13 June 2014

Latest time and date for receipt of completed Open Offer Application

Forms and payment in full under the Open Offer or settlement of
Relevant CREST instructions                                               11.00am on 17 June 2014

Offer for Subscription closes                                             11.00am on 20 June 2014

Placing closes                                                            4.00pm on 20 June 2014

Publication of results of Issue                                           24 June 2014

Admission and dealings in C shares commence                               26 June 2014


Contact details:

Miton Group plc:

Gervais Williams         ger[email protected]       07811 331 824
Martin Turner            [email protected]          020 3714 1517
David Barron             [email protected]           020 3714 1474

Cenkos Securities plc:

Chris Lunn               [email protected]                      020 7397 1912
Sapna Shah               [email protected]                      020 7397 1922
Dion di Miceli           [email protected]                  020 7397 1921


This announcement is not for distribution directly or indirectly in or into the
United States, Australia, Canada, the Republic of South Africa or Japan. This
announcement does not constitute an offer to sell or issue or the solicitation
of an offer to buy shares in the capital of The Diverse Income Trust plc in the
United States of America ("United States"), Australia, Canada, the Republic of
South Africa or Japan or any jurisdiction in which such an offer or
solicitation is unlawful. The shares referred to in this announcement have not
been and will not be registered under the United States Securities Act of 1933
(as amended), or under the securities laws of any state or other political
sub-division of the United States or under the applicable securities laws of
any of Australia, Canada, the Republic of South Africa or Japan and may not be
offered or sold within the United States absent registration or an exemption 
from registration. No public offering of securities will be made in the United 
States, Australia, Canada, the Republic of South Africa or Japan.

This announcement has been communicated by Cenkos Securities plc, which is
authorised and regulated in the United Kingdom by the Financial Conduct
Authority, and does not constitute an offer to sell or a solicitation of an
offer to purchase any securities. The price of shares may go down as well as up
and investors may not get back the full amount invested on disposal of the
shares.

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