Premier Energy and Water Trust PLC
The Board has reviewed the revenue projection for Premier Energy and Water
Trust PLC (the Company) for the year ending 31 December 2013 and the current
level of the revenue reserve. The Board is committed to a progressive dividend
strategy and intends to continue to distribute a base dividend that relates to
the level of earnings. The Board therefore proposes to increase the second
interim base dividend for 2013 by 11.76% to 1.9p compared to the 1.7p per
Ordinary share paid for the equivalent period in 2012. In addition, subject to
unforeseen circumstances, the Board intends to run down the Company's
substantial revenue reserve by making additional distributions of 0.75p per
quarter and anticipates being in a position to maintain these additional
distributions through to the Company's currently anticipated winding up date on
31 December 2015. The additional 0.75p per quarter distribution will commence
with the second interim dividend payment in 2013.
Accordingly Premier Energy and Water Trust PLC announces a second interim
dividend for the year ending 31 December 2013 of 2.65p per Ordinary share
comprised of a base dividend of 1.9p and an additional dividend of 0.75p. This
second interim dividend will be paid on 30 September 2013 to members on the
register at the close of business on 30 August 2013. The Ordinary shares will
be marked ex-dividend on 28 August 2013.
1 August 2013
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