31st Mar 2014 12:53
LONDON (Alliance News) - The Diverse Income Trust PLC Monday said it is considering a GBP50.0 million C share issue in a move that would increase its capital base, reduce its ongoing cost ratio, and improve market liquidity for existing shareholders.
The trust said it is considering the issue in light of its performance since its initial public offering, the current rating of its shares, and the manager's outlook for potential investee companies and the
its underlying portfolio.
The trust said its ordinary shares were trading at a 5.1% premium to prevailing with-income NAV on March 28.
The trust's shares were Monday quoted at 85.51 pence, down 0.9%.
By Samuel Agini; [email protected]; @samuelagini
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