18th Aug 2020 14:29
Diverse Income Trust PLC - invests in small and medium-sized UK listed companies - reports net asset value total return of negative 2.5% for financial year that ended May 31, compared to FTSE All-Share Index down 11% over the same period. "The trust proved more resilient given our focus on companies with robust balance sheets and less sensitivity to economic activity. Furthermore, for several years we have held a FTSE 100 Put option as insurance against a market fall, so when the UK stock market fell back in March 2020 this rose in value and was cashed in," company says. Net asset value per share 88.82 pence at May 31, down 6.7% from 95.17p a year ago.
Current stock price: 86.20 pence
Year-to-date change: down 9.6%
By Lucy Heming;Â [email protected]
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