FUND DESCRIPTION::
diversiTrust Income Fund is a closed-end trust that will invest in a diversified portfolio of high income securities, primarily business, resource, real estate and utility trusts.

INVESTMENT OBJECTIVES::
(i)provide unitholders with monthly cash distributions of $0.0771 per trust unit (approximately 9.25% per annum based on the original issue price of $10.00) and
(ii) return the original issue price upon termination of the Fund which includes the opportunity for capital appreciation.

FUND FEATURES ::
Leverage - the Fund will utilize a prudent level of leverage in order to enhance the Fund's total return.
Management Fee - the manager of the Fund will reinvest the management fee in units of the Fund for at least the first three years.
Distribution Reinvestment - unit holders have the option to reinvest distributions received by the Fund on a monthly basis.
Mandatory Purchase Program - the fund will purchase units in the market if prices that are less than 95% of the latest NAV per trust unit.
Liquidity - units of the Fund can be sold on the Toronto Stock Exchange or commencing in January of 2004, redeemed at 100% of NAV per trust unit as of the date of redemption.