Premier Miton Global Renewables Edison initiates on Premier Miton Global

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.

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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.

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For more information, please contact Edison:

   Sarah Godfrey               +44 (0)20 3681 2519 
   Victoria Chernykh          +44 (0)20 3077 5700

investmenttrusts@edisongroup.com

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