Title: URL Source: https://doc.morningstar.com/document/b429e9f7fee31e52521e54ba15efd162.msdoc/?clientid=ajbell&key=805803a4ca9fc338 Markdown Content: Key Information Document There is no requirement for investors to receive a regulated Key Information Document (“KID ”) before buying shares in the Company. This document provides you with key information about this investment product. It is not marketing material and is designed to help you understand the nature, risks, costs, potential gains and losses of this product and could help you compare it with other products. Other documents are available to help you understand the potential gains and losses of this product, including the Reports and Accounts on the Company’s website. # Product Fund Name: The Diverse Income Trust PLC (The Company or the Product ) ISIN: GB00B65TLW28 Manufacturer: Premier Portfolio Managers Limited Competent authority: Financial Conduct Authority Contact details: www.premiermiton.com ; call +44 1483 306090 for more information This document was produced on 5 March 202 5 and is based on key information as at 1 June 202 4. # What is this Product? Type: Ordinary shares in an investment company registered in England as a public limited company and listed on the London Stock Exchange. It is approved by the Commissioners of HMRC under sections 1158 and 1159 of the Corporation Tax Act. Objectives: The investment objective of The Diverse Income Trust PLC is to provide Shareholders with an attractive and growing level of dividends coupled with capital growth over the long -term. The Company aims to achieve its objective by investing primarily in the shares of companies which are listed or traded on the UK stockmarket but with a long -term bias toward smaller and medium sized companies. The Company may also invest in larger companies such as those listed on the FTSE 100 index (an index consisting of the t op 100 companies listed on the London Stock Exchange). The Company has the ability to invest in other asset classes such as corporate and government debt securities and has the flexibility to invest in the shares of companies not listed or traded on a stockmarket. Investments in such companies will not, in aggregate, exceed 5% of the value of the Company’s investment portfolio at the time of investment. The portfolio does not track any benchmark index, which means that the manager is not constrained to particular industry sectors and has a wider investment universe to choose from. The Company may utilise derivative instruments for reducing risk and to generate additional capital or income for the portfolio. Other product features include: • The Company has the facility to borrow up to 15% of the Net Asset Value of the Company. Where this facility is utilised, this will have the effect of magnifying any gains and losses made by the Company. • Shares in the Company are bought and sold on the stock market. Typically, at any given time on any given day, the price you pay for a share will be higher than the price at which you could sell it. Intended investor: This Product is intended for investors who are prepared and able to accept the risk of some loss to their original investment amount in order to receive a potential return, and who plan to stay invested for at least 5 years. Investors should consider investment in the Company as part of a wider portfolio of investments. Term: The Company does not have a fixed life. The Company has a redemption facility through which shareholders are entitled to request the redemption of all or part of their holding of ordinary shares on 31 May each year. There is no Maturity Date. # What are the risks and what could I get in return? Risk Indicator 1 2 3 4 5 6 7 Lower risk Higher risk The risk indicator assumes you keep the Product for 5 years. The actual risk can vary significantly if you cash in at an early stage and you may get back less. The summary risk indicator is a guide to the level of risk of this Product compared to other products. It shows how likely it is that the Product will lose money because of movements in the markets. We have classified this Product as 5 out of 7, which is a medium -high risk class. This rates the potential losses from future performance at a medium -high level, and poor market conditions will likely impact the ability for you to receive a positive return on your investment. The Company invests in a range of large, medium and smaller sized companies (equities) that are quoted or traded on a stock exchange in the UK. Smaller companies tend to experience higher volatility in their share prices compared to many other asset types such as bonds or money market instruments. Therefore , products that include smaller companies can experience higher volatility in the returns that they produce over time. The volatility in the share prices of equities and the Company may mean that the valu e of your investment may be negatively impacted in the short term. There are a wide range of factors that could contribute to that volatility. Products concentrated in one geographic location are more vulnerable to market sentiment in that specific location. Investment Performance Information The Product is classified with a risk indicator of 5 out of 7 which is a medium -high risk class. The risk indicator assumes you keep the Product for five years, however the actual risk can vary significantly depending upon when you sell your investment. The value of your investment is driven by the price of the Product on the stock market. You may not be able to sell your shares easily or may have to sell at a price that significantly impacts on how much you get back if the stock market is experiencing a strong down -turn or if market liquidity is low (there are insufficient buyers of shares to balance those wishing to sell). The Product invests in a range of large, medium and smaller sized companies (equities) that are quoted or traded on a stock exchange in the UK. Smaller companies tend to experience higher volatility in their share prices compared to many other asset types such as bonds or money market instruments. Therefore , products that include smaller companies can experience higher volatility in the returns that they produce over time. The volatility in the share prices of equities and the Product may mean that the value of your investment may rise and fall in the short term. There are a wide range of factors that could contribute to that volatility. Products concentrated in one geographic location are more vulnerable to market sentiment in that specific location. The most relevant comparative index against which to measure the investment performance of the Product is the Deutsche Numis All Share Index. This index contains all companies that are on the UK fully listed equity market and the UK AIM market. Whilst this index can be used to compare the performance of the Product over all time periods, it is best used to compare the performance of the Product over the long term. What could affect my return positively? A number of factors can have a positive influence on returns from the Product. The share prices of the companies held in the Product can be influenced by a number of factors, these include macro -economic conditions such as global growth; they should benefit from good economic growth in the UK and potentially elsewhere and also from low interest rates. Furthermore, the long term profitability and financial strength of each company will impact on its share price, with growing profits and strong cash generation likely to be positives. If the industrial sector in which an investee company sits or the broader stock market are performing well that can have a po sitive influence on its share price. The share price of the Product itself may be positively influenced by demand for the investment universe in which it invests and also by demand for this type of investment product. What could affect my return negatively? Stock markets can fall when their valuations reach levels that are over -optimistic for their future prospects, particularly if there is a deterioration in the outlook. This can occur if the macro -economic backdrop worsens, for example, due to rising inflation and / or interest rates. Events globally can also have a negative impact, such as geo -political events such as the conflict in Ukraine or changes to economic conditions. Similarly, if an individual company’s prospects deteriorate or its valuation becomes too high, its share price might suffer and the dividends it pays to its shareholders may fall. The share price of the Product itself may be negatively influenced by demand for the investment universe in which it invests and also by demand for this type of investment product. What outcome could I expect if the Trust matures or is redeemed or encashed under severely adverse market conditions? Investors should be aware that the investment objective is set over the long term and shorter investment horizons could lead to adverse outcomes for investors and under weaker economic conditions or falling stock markets, redeeming or cashing in shares may lead to losses. In an extreme situation such losses might exceed 30% of the value of the investment. # What happens if the Company is unable to pay out? As a shareholder of The Diverse Income Trust PLC you are not able to make a claim to the Financial Services Compensation Scheme about The Diverse Income Trust PLC in the event that the Company fails, however you will have the same rights as other ordina ry shareholders. # What are the costs? KID cost disclosures are no longer required for shares in the Company. The information provided below has been amended to help consumer understanding. It recognises that there is no additional cost to the investor charged by the Company but that the Co mpany does have operating expenses, for example, arising in relati on to the management of the portfolio. The Reduction in Yield (RIY) shows what impact the total costs you pay will have on the investment return you might get. The total costs take into account one -off, ongoing and incidental costs. We have not included operating expenses, which are paid by the Company, as the Company’s share price already reflects market sentiment of its value taking into consideration publicly discl osed information on expenses, which are already disclosed in the Ann ual Report and Accounts on the Company’s website. The amounts shown in the table below are the cumulative costs of the Product itself, for three different holding periods. They include potential early exit penalties. The figures assume you invest £10,000. The figures are estimates and may change in the future. Costs over time > Investment Scenarios (£10,000) If you cash in after 1year > If you cash in after half > recommended period of 5 > years (after 3 years) > If you cash in at the > recommended period of 5 > years > Total costs £0£0£0 > Impact on return (RIY) per year 0.0 %0.0 %0.0 % You may be liable to pay stamp duty of a maximum of 0.5% when you purchase investment trust shares. The actual amount payable will vary depending on where you purchase the shares and the persons selling you or advising you must provide you with information about this and any other costs which they may charge you and the impact of those costs on your investment over time. Composition of costs The table below shows: • The impact each year of the different types of costs on the investment return you might get at the end of the recommended holding period. • The meaning of the different cost categories. One -off costs Entry costs The impact of the costs you pay when entering your investment (not including stamp duty or other levies payable on initial investment, if any). No entry costs are payable to the Company or its investment manager when you acquire Ordinary Shares in the Company. You may be required to pay your own broker fee s or commissions. Exit costs The impact of the costs of exiting your investment by selling your shares on the stock market. No exit costs are payable to the Company or its investment manager when you dispose of Ordinary Shares in the Company. You may be required to pay your own broker fees or commissions/levies. Recurring costs Portfolio transaction costs No portfolio transaction costs, relating to the buying and selling of underlying investments, are payable by you to the Company or its investment manager. You should be aware that portfolio transaction costs are incurred by the Company, as set out in the Company’s Annual Report and Accounts which can be found on the Company’s website. Ongoing charges figure Ongoing charges are those expenses of a type which relate to the operation of the Company and are based on costs incurred in the year as being the best estimate of future costs. The ongoing charges figure (OCF) is made up of a number of elements including the investment management fee, Company secretarial services, administration expenses, depositary fees, auditor’s remuneration and directors’ fees and expenses. The OCF for the Company as at 31st May 2024 was 1.14% which represents the annual percentage reduction in total assets’ total return as a result of recurring operational expenses charged against both income and capital, excluding finance costs. More details can be found in the Company’s Annual Report and Acc ounts which can be found on the Company’s website. Incidental costs Performance fees This Product does not have any performance fees. Carried interests This Product does not have any carried interests. # 5 Years This Product has no required minimum holding period but is designed for long term investment; you should be prepared to stay invested for at least 5 years. You may sell your shares in the Product on the open market, on any day on which the London Stock Exchange is normally open for business. Complaints about the Company or the key information document should be sent to Premier Portfolio Managers Limited at Eastgate Court, High Street, Guildford, Surrey, GU1 3DE; telephone number 01483 456 1122 or by e -mail to investorservices@premiermiton.com. Information about how to complain is also available at www.premiermiton.com. Complaints about a person advising on or selling the Product should be pursued with that person. Please note as a shareholder of The Diverse Income Trust PLC you do not have the right to make a claim to the Financial Ombudsman Service (FOS) about the management of The Diverse Income Trust Plc. # Other relevant information Investors should read the Company’s product documentation before investing. The Prospectus, Report and Accounts and Alternative Investment Fund Managers Directive (AIFMD) Disclosure Document contain important information regarding the types of assets th e Company may invest in and their specific risks. Depending on how you buy these shares you may incur other costs, including broker commission, platform fees and Stamp Duty. The distributor will provide you with additional documents where necessary. The cost, performance and risk calculations included in this KID follow the methodology prescribed by UK rules and are based on information as at 1 June 202 4. As stated in the section “What are the risks and what could I get in return” the scenarios presented are an estimate of future performance based on evidence from the past and are not an indicator of future performance. > 20250305 # How long should I hold it and can I take money out early? # How can I complain?