Despite markets riding the liquidity wave provided by central banks, the corporate outlook remains uncertain and the crisis is not yet over. The extent of dividend cuts reflects the pain and the hazy outlook. Many high-profile FTSE 350 companies have succumbed. Further cuts are likely. In response, income investors need to achieve even greater diversification beyond the traditional UK Equity Income, Global and Global Equity Income sectors if they are to sustain dividend levels. The good news is that investment trusts, both by courtesy of their structure and exposure to other assets, are ideally positioned to assist – but pitfalls abound.