8th Apr 2014 16:56
LONDON (Alliance News) - Diverse Income Trust PLC Tuesday said that its net asset value per share, including revenue, stood at 83.9 pence on February 28, compared with 77.6 pence on November 30.
It said its mid-market share price increased to 89.0 pence, up from 79.3 pence, while its net asset value per share excluding revenue was 83.3 pence, up from 77.0 pence.
"Selectively, the market has also been healthy in terms of smaller company new issues and secondary issues for existing holdings looking to raise money for value enhancing mergers and acquisitions," the trust said in a statement.
The company's investment objective is to provide an attractive level of dividends coupled with capital growth over the long term.
Shares in the trust closed Tuesday 1.5% lower at 81.75 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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