Premier Miton Global Renewables Edison initiates on Premier Miton Global
08 Febrero 2021 - 1:00AM
RNS Non-Regulatory
TIDMPMGR
Premier Miton Global Renewables
08 February 2021
London, UK, 8 February 2021
Edison initiates on Premier Miton Global Renewables Trust
(PMGR)
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: E dison 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 +44 (0)20 3681 2519
Victoria Chernykh +44 (0)20 3077 5700
investmenttrusts@edisongroup.com
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
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