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Premier Energy and Water beats index

By BFN News | 03:35 PM | Tuesday 12 March, 2013

Premier Energy and Water Trust recorded a total assets total return of 2.9% for the year to the end of December. The company said that while this represented an out-performance of the Bloomberg World Utilities Index, it was still far from satisfactory. The company's cum-income NAV per ordinary share declined from 126.20p at the end of 2011 to 112.59p. By far the largest component of this fall was the finance costs attributable to the ZDP Shares of £2.3m which reduced the ordinary NAV by 13.64p per share. The company's split capital structure has again counted against the ordinary shares in 2012 as can be seen above, by virtue of the fact that the investment performance failed to cover the ZDP financing costs. Adding back dividends paid to the NAV movement, the ordinary shares showed a negative total return of 4.0%. At 3:35pm: (LON:PEW) share price was +0.25p at 132.25p Story provided by

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