16th Sep 2014 15:24
LONDON (Alliance News) - Diverse Income Trust PLC Tuesday reported a fall in the net asset value per share, including revenue, of its ordinary share class fell in the first quarter of its financial year, but said that of its C share class increased.
In a statement, the trust said the net asset value per share, including revenue, of its ordinary shares fell to 79.2 pence on August 31 from 82.1p on May 31.
That of its C shares increased to 49.1p on August 31 from 48.8p, the latter of which is net of launch expenses, on June 26.
The trust's investment objective is to provide an attractive and growing level of dividends coupled with capital growth over the long term.
"Geopolitical uncertainties in the period have been a reminder of the benefits of a diverse portfolio of holdings to manage risk and volatility. Whilst not immune, we continue to believe the company benefits from the flexibility that comes with an ability to invest on a multi cap basis and the emphasis of smaller companies in the portfolio which should result in continued robust dividend growth overall, irrespective of the economic background," the trust said in a review of the period.
"Good progress has been made investing the C share pool. Further updates will be provided in due course," the trust added.
By Samuel Agini; [email protected]; @samuelagini
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