REG-The Diverse Income Trust Plc: Voluntary Redemption of Ordinary Shares

Diverse Income TrustAnnouncement

01/07/2025 17:30

The Diverse Income Trust Plc (The "Company")

VOLUNTARY REDEMPTION OF ORDINARY SHARES

YOU DO NOT HAVE TO TAKE ANY ACTION IF YOU WISH TO RETAIN YOUR SHARES.

Under the Company's Articles of Association, the Company operates an annual
voluntary redemption facility through which shareholders may request the
redemption of all or part of their holding of redeemable Ordinary Shares of
0.1p each in the Company ("Ordinary Shares") for cash in each year. This year,
the redemption for cash will take place on 29 August 2025.

There is no requirement for shareholders to take any action should they wish
to retain their Ordinary Shares. As at close of business on 30 June 2025, the
Ordinary Share price was 104p and the Net Asset Value (including current
period revenue) was 108.74p per Ordinary Share, so the Ordinary Shares were
trading at a 4.36% discount.

A redemption of Ordinary Shares may be subject to income tax and/or capital
gains tax. In particular, private shareholders who sell their shares via the
redemption mechanism could find they are subject to income tax on the gains
made on the redeemed shares rather than the more usual capital gains tax on
the sale of their shares in the market. Shareholders are advised to seek
professional advice on their individual circumstances from their stockbroker,
accountant, tax adviser or other independent financial adviser, including in
relation to the tax treatment of their redemption proceeds.

The investment objective of the Company is to provide shareholders with an
attractive and growing level of dividends coupled with capital growth over the
long term.

Shareholders submitting valid requests for the redemption of Ordinary Shares
will have their shares redeemed at the Redemption Price, which is calculated
on either of the following bases, at the absolute discretion of the Directors:
1. The Directors can elect to divide each of the Company's portfolio holdings
in proportion to the percentage of shareholders opting for redemption and to
place those shares in a Redemption Pool to be sold via the stock market. When
complete, the realisation proceeds after deduction of costs would be
distributed to redeeming shareholders pro rata. It should be noted that the
liquidation of a Redemption Pool can be expected to take some weeks or months,
and the final capital sum may not amount to the initial valuation of the
Redemption Pool; or
2. If the percentage of Diverse Income Trust shares that opt for redemption is
a modest proportion of the Company the Directors can set a Redemption Price
(the "Dealing Value") equal to the Net Asset Value per Ordinary Share
(including current period income) prevailing on the last business day prior to
the Redemption Point.
The Directors may alternatively arrange for shares requested for Redemption to
be sold in the market at the Dealing Value, provided that the Dealing Value
obtainable is no less favourable to redeeming shareholders.

The Directors are minded to approve all redemption requests unless there are
exceptional reasons why this would be contrary to the interests of
shareholders as a whole.

The Directors of the Company have, within the terms of the Company's Articles
of Association, full discretion over the operation of the redemption facility
and the calculation of the Redemption Price.

Certificated Shareholders wishing to request the redemption of all or any of
their Ordinary Shares at the proposed Redemption Point should deliver to the
Company's Registrar a duly completed Redemption Request form, together with
their share certificate or in respect of shares held in uncertificated form,
CREST Shareholders should complete a transfer to escrow (TTE) instruction in
accordance with the timetable set out below. Redemption Request forms are
available on the Company's website; https://www.diverseincometrust.com or
from the Company's Registrar, MUFG Corporate Markets on +44 (0) 371 664 0300
or by email at shareholderenquiries@cm.mpms.mufg.com. Calls are charged at
the standard geographic rate and will vary by provider. Calls outside the
United Kingdom will be charged at the applicable international rate. The
helpline is open between 9.00 am - 5.30 pm, Monday to Friday, excluding public
holidays in England and Wales. Please note that MUFG Corporate Markets cannot
provide any financial, legal or tax advice and calls may be recorded and
monitored for security and training purposes.

The relevant dates for the August 2025 Redemption Point are outlined below:

 29 July 2025                    Latest date for receipt of Redemption Requests and certificates for certificated shareholders                                                                                                                                                                                                                   
 3.00 pm on 29 July 2025         Latest date and time for receipt of Redemption Requests and TTE instructions for uncertificated shares via CREST                                                                                                                                                                                                
 5.00 pm on 29 August 2025       The Redemption Point                                                                                                                                                                                                                                                                                            
 On or before 12 September 2025  Company to notify Redemption Price and dispatch redemption monies; or if the redemption is to be funded by way of a Redemption Pool, Company to notify the number of shares being redeemed. Notification of Redemption Price and dispatch of redemption monies to take place as soon as practicable thereafter  
 On or before 26 September 2025  Balance certificates to be sent to shareholders (where applicable)                                                                                                                                                                                                                                              

Further details of the redemption facility are set out in the Company's
Articles of Association or are available from the Company Secretary.

Defined terms in this announcement have the same meaning as set out in the
Articles of Association, a copy of which may be obtained from the Company
Secretary.

1 July 2025

LEI: 2138005QFXYHJM551U45

 



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