Edison issues report on Premier Miton Global Renewables Trust (PMGR)
|
Edison Investment Research Limited
London, UK, 25 March 2025
Edison issues report on Premier Miton Global Renewables Trust (PMGR) Edison issues report on Premier Miton Global Renewables Trust (LSE: PMGR) Premier Miton Global Renewables Trust’s (PMGR’s) investors will be presented with a continuation vote at the AGM on 24 April. The board is recommending that investors vote in favour of continuation and is offering a range of options for realising value. It would be disappointing to see a fund like PMGR potentially exit the sector, as it provides wide exposure to a managed set of underlying renewable investments. The difficulty is, of course, the sector-wide depression in valuations across renewables. These headwinds, as well as the requirement to redeem the zero dividend preference shares (ZDPs) later in 2025, are weighing on PMGR’s scale. The board’s view is that there is low demand from investors for smaller-sized investment trusts, and it has indicated that it will begin to explore options that may include winding up the fund with a distribution of cash, as well as the potential for shareholders to roll over into a similar open-ended fund. The board will consult with shareholders and advisers to reach an optimal outcome for all parties. Click here to read the full report. All reports published by Edison are available to download free of charge from its website 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: +44 (0)20 3077 5700 Connect with Edison on:
LinkedIn www.linkedin.com/company/edison-group-/ YouTube www.youtube.com/edisonitv
Dissemination of a CORPORATE NEWS, transmitted by EQS Group. |
2105910 25-March-2025
