Diverse Income Trust (LON:DIVI) - Popular performer
Feb 06th 2013 - Edison Investment Research today published a report on Diverse Income Trust (DIVI.L, LSE:DIVI, LON:DIVI) entitled "Popular Performer". In summary, the report says:
2012 was a successful year for The Diverse Income Trust (DIVI), as, in total return terms, its share price rose by 39.1% vs. 12.3% for the FTSE All-Share Index. Even in NAV terms DIVI was the best performing UK growth and income investment company (average 18.8%) last year. Over the course of its first accounting period, DIVI declared dividends of 2.19p per share, equivalent to 2.02p annualised or just over the 4% yield on the 50p offer price forecast at the time of launch. On the back of this good performance, DIVI has just completed its second C share issue. Shareholders will benefit over time, as the larger asset base dilutes fixed overheads and liquidity in DIVI’s shares improves. Later...
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
