Information  X 
Enter a valid email address

Diverse Inc Tst (DIVI)

  Print   

Friday 13 November, 2020

Diverse Inc Tst

Edison issues review on The Diverse Income Trust

RNS Number : 3051F
Diverse Income Trust PLC (The)
13 November 2020
 

 

London, UK, 13 November 2020

Edison issues review on The Diverse Income Trust (DIVI)

Gervais Williams' and Martin Turner's multi-cap approach to managing The Diverse Income Trust (DIVI) has yet again paid off, protecting on the downside. The trust has topped the ranks of UK high dividend yield peers over the past 12 months, and remains in the top quartile by NAV total return over the medium term. It has also materially outperformed the comparative indices since launch in 2011, demonstrating the managers' skill to pick winners, patience, consistent approach, and the ability to diversify away most of the risk of dividend cuts. Williams believes that DIVI's small- and mid-cap tilted portfolio is well positioned to continue benefiting from increased investor demand for cash-generative businesses, caused by fears over the current coronavirus pandemic and lockdowns.

 

DIVI trades at a discount of 1.2% to its cum-income NAV, a considerable recovery from its 22.7% low point in March, and narrower than the three-year average of 3.1%. The board aims to limit the discount to a level close to the trust's NAV, including an annual opportunity to redeem shares at NAV less costs. An improvement in sentiment towards UK equities, combined with the trust's strong performance, are potential catalysts for the discount to remain at the target level. 


Click here to view the full report.

 

Subscribe to Edison's content to receive reports by email.

All reports published by Edison are free-to-access and available on the website .

 

About Edison:   Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority .

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Victoria Chernykh, +44 (0)7776 956739

Sarah Godfrey, +44 (0)20 3681 2519

[email protected]

 

Learn more at   Edisongroup.com   and connect with Edison on: 

LinkedIn  https://www.linkedin.com/company/edison-group-  

Twitter   www.twitter.com/Edison_Inv_Res  

YouTube  www.youtube.com/edisonitv  

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRAFFSFEDESSEIF

a d v e r t i s e m e n t