PRF Prf A Shares

 

TIDMPRF 
 
RNS Number : 4007K 
Premier Renewable Energy Fund Ltd 
19 April 2010 
 

Premier Renewable Energy Fund Limited (the "Company") 
 
Interim Management Statement for the period from 1 December 2009 to 9 April 2010 
(the "Period"). 
 
 
Investment Objective 
 
The Company aims to provide Shareholders with an attractive overall return to be 
achieved primarily through long-term capital growth. The Company invests 
principally in companies that generate power from wind, hydro, landfill gas, 
biomass, solar energy, marine currents, nuclear, energy crops, energy suppliers 
and companies that are commercialising other renewable techniques. Up to 15% of 
the Gross Assets may be invested in unquoted securities. 
 
Financial Highlights 
 
+----------------------------+----------+---------+---------+ 
|                            |   30 Nov |   9 Apr |       % | 
|                            |     2009 |    2010 |  change | 
+----------------------------+----------+---------+---------+ 
| Zero Coupon Preference     |  363.31p | 372.50p |  +2.53% | 
| share NAV                  |          |         |         | 
+----------------------------+----------+---------+---------+ 
| Mid price                  |  374.75p | 380.50p |  +1.53% | 
+----------------------------+----------+---------+---------+ 
|                            |          |         |         | 
+----------------------------+----------+---------+---------+ 
| Ordinary Income share NAV  |   89.65p |  92.03p |  +2.65% | 
+----------------------------+----------+---------+---------+ 
| Mid price                  |   72.00p |  71.50p |  -0.69% | 
+----------------------------+----------+---------+---------+ 
 
Material Events and Transactions 
 
Over the Period, credit markets have eased and the stock market has continued to 
recover. While the Copenhagen summit could have been more constructive as a 
backdrop for an as yet immature industry, the portfolio focus has remained on 
those companies operating in established areas of energy generation, such as 
wind, nuclear, hydro and solar. There were no material events or transactions to 
report. 
 
Issued Share Capital of the Company as at 9 April 2010: 
 
Ordinary Shares                         13,115,952 
ZCP Shares                               1,222,833 
 
Buy-back of Shares 
 
The Company made no share buybacks during the Period. 
 
Top 15 Holdings (% of Fund) as at 9 April 2010 
 
+--------------------------------+--------+ 
| EDP RENOVAVEIS                 |  6.20% | 
+--------------------------------+--------+ 
| CHINA POWER NEW ENERGY DEV     |  5.38% | 
+--------------------------------+--------+ 
| IBERDROLA RENOVABLES           |  5.06% | 
+--------------------------------+--------+ 
| EDF ENERGIES NOUVELLES         |  4.91% | 
+--------------------------------+--------+ 
| GAMESA CORP TECNOLOGICA        |  4.13% | 
+--------------------------------+--------+ 
| DONGFANG ELECTRIC              |  4.11% | 
+--------------------------------+--------+ 
| GREENKO GROUP                  |  4.10% | 
+--------------------------------+--------+ 
| INNERGEX RENEWABLE ENERGY      |  4.01% | 
+--------------------------------+--------+ 
| TRINA SOLAR ADR                |  3.80% | 
+--------------------------------+--------+ 
| EXELON                         |  3.22% | 
+--------------------------------+--------+ 
| FPL GROUP                      |  3.22% | 
+--------------------------------+--------+ 
| CHINA HIGH SPEED TRANSMISSION  |  2.96% | 
| EQUIPMENT GROUP                |        | 
+--------------------------------+--------+ 
| ACCIONA                        |  2.85% | 
+--------------------------------+--------+ 
| INFIGEN ENERGY                 |  2.66% | 
+--------------------------------+--------+ 
| URANIUM ONE                    |  2.65% | 
+--------------------------------+--------+ 
 
 
Save for the volatility of the stock markets, which may have had an adverse 
effect on the Company's assets and NAV per share, the Board is not aware of any 
significant events or transactions which have occurred since 9 April 2010 which 
would have a material impact on the financial position of the Company. 
 
Further Information 
 
Daily prices, Company announcements, Prospectus and monthly fact sheets are 
available via www.premierassetmanagement.co.uk. 
 
For further information contact: 
Anson Fund Managers Limited 
Secretary 
 
Tel: 01481 722260 
 
19 April 2010 
 
E&OE - in transmission 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IMSFKLFFBZFXBBQ 
 

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