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Diverse Income Trust plc (The) (DIVI) Ordinary 0.1p

Sell:111.50p Buy:112.00p 0 Change: No change
Market closed Prices as at close on 27 July 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:111.50p
Buy:112.00p
Change: No change
Market closed Prices as at close on 27 July 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:111.50p
Buy:112.00p
Change: No change
Market closed Prices as at close on 27 July 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The company will invest primarily in quoted or traded UK companies with a wide range of market cap but a long-term bias toward small and mid-cap equities. The company will also invest in large cap companies, including FTSE 100 constituents, where it is believed that this may increase shareholder value. The Company may utilise derivative instruments including index-linked notes, contracts for differences, covered options and other equity-related derivative instruments. The company may invest in unquoted companies however the aggregate investments in such companies will not exceed 5% of the value of the Funds investment portfolio as at the time of investment.
Sector Weight
Financial Services 30.82%
Basic Materials 12.91%
Consumer Cyclical 10.03%
Industrials 9.35%
Energy 7.62%
Technology 7.07%
Consumer Defensive 6.42%
Communication Services 5.52%
Real Estate 3.25%
Healthcare 3.00%
Country Weight
United Kingdom 83.81%
China 4.10%
United States 2.40%
Australia 1.68%
Canada 1.50%
South Africa 1.25%
Ireland 1.24%
Egypt 0.97%
Russia 0.92%
Israel 0.81%

Fee Structure

The management fee of 0.9% p.a. on the average market cap up to GBP 300m, 0.8% p.a. between GBP 300m and GBP 500m and 0.7% p.a. above GBP 500m.The Agreement is terminable by not less than 12 months written notice.

Dividend Policy

The Company pays a quarterly dividend in February, May, August and November. The Board will target an annualised dividend yield of 4% and will seek to grow dividend progressively.

ASSET SPLIT

Total number of holdings: 149.

Trust Manager

Gervais Williams

Manager Bio

Gervais Williams joined Premier Miton in March 2011. He is Head of Equities and manages a number of funds and trusts. His fund management career extends over 30 years including 17 years at Gartmore Group Ltd, where he was head of UK Small Companies investing in UK smaller companies and Irish equities. Gervais is a member of the AIM Advisory Council, and a board member of the Quoted Companies Alliance and The Investment Association. He was a member of the Patient Capital Review panel with the Chancellor of the Exchequer where the recommendations were put into legislation in the subsequent budget. Gervais has published three books, 'Slow Finance' in the autumn of 2011 (Bloomsbury), 'The Future is Small' was published in November 2014 (Harriman House) and 'The Retreat of Globalisation' published in December 2016 (Harriman House).

Board Of Directors

Paul Craig, Andrew Bell, Calum Thomson, Caroline Kemsley-Pein, Michelle McGrade

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.