Premier Miton Global Renewables Trust (PMGR): I...

Edison Investment Research Limited Edison Investment Research Limited: Premier Miton Global Renewables Trust (PMGR): Initiation - On the crest of a renewable energy wave 08-Feb-2021 / 07:00 GMT/BST London, UK, 8 February 2021 Premier Miton Global Renewables Trust (PMGR): Initiation - On the crest of a renewable energy wave Premier Miton Global Renewables Trust (PMGR) is the new name of Premier Global Infrastructure Trust, reflecting an official change in mandate in late 2020 that codified an established shift towards renewable energy stocks in recent years. The partial rollover of the 2020 zero-dividend preference shares (ZDPs) has resulted in a smaller pool of total assets, but the trust retains a geared strategy and has benefited from this as its newer holdings in renewable energy stocks - many of them bought in the coronavirus-driven global equity market sell-off of Q120 - have performed strongly, leading to total returns for 2020 of c 30%. PMGR is arguably unique among UK investment companies for its broad global focus on renewable energy securities, aiming for both income (current yield c 5.5%) and capital growth. At 4 February 2021, PMGR's shares traded at a 1.8% discount to cum-income NAV, compared with a longer-term average discount of c 8-9%. Having recently traded at a small premium to NAV, there is scope for this re-rating to be sustained given most funds invested directly in projects are also trading at a premium.  Click here to view the full report. All reports published by Edison are available to download free of charge from its website www.edisongroup.com About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. Having been the first in market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. For more information, please contact Edison: Sarah Godfrey   [phone] Victoria Chernykh [phone] [e-mail] Learn more at www.edisongroup.com and connect with Edison on:  LinkedIn  https://www.linkedin.com/company/edison-group-/ Twitter   www.twitter.com/Edison_Inv_Res YouTube  www.youtube.com/edisonitv Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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1166352 08-Feb-2021