DIVI : Diverse Income races ahead, leaves All Share standing
Diverse Income Trust has published its third set of final accounts. These cover the year that ended on 31 May 2014. over that period Diverse delivered a return on net assets of 26.1%. The level of the premium was unchanged on the year and so the return to shareholders was also 26.1%. by contrast the return on the FTSE All-Share Index was just 5%.
Shareholders will also be pleased that the dividend has been increased by 7.1% to 2.25p.
The manager’s report mentions good contributions from the likes of Greencore, Staffline, International Greetings and Bioventix – each of which rose by more than 100% but the manager also stresses that the diverse nature of the portfolio (133 holdings at the end of May) means that the outperformance was derived from more than just this handful of stocks.
You can read the full annual report here or shortly on our company page for Diverse Income.