PRF Prf A Shares

 

TIDMPRF 
 
RNS Number : 2525U 
Premier Renewable Energy Fund Ltd 
12 October 2010 
 

Premier Renewable Energy Fund Limited ("the Company") 
 
Interim Management Statement for the period from 1 June 2010 to 11 October 2010. 
 
 
Investment Objective 
 
The Company aims to provide shareholders with an attractive overall return to be 
achieved primarily through long-term growth. The Company will invest 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 
 
+---------------------------+----------+-----------+---------+ 
|                           |   28 May |        30 |       % | 
|                           |     2010 | September |  change | 
|                           |          |      2010 |         | 
+---------------------------+----------+-----------+---------+ 
| Zero Coupon Preference    |  376.01p |  385.14p  |   2.43% | 
| share NAV                 |          |           |         | 
+---------------------------+----------+-----------+---------+ 
| Mid price                 |  382.00p |  387.25p  |   1.37% | 
+---------------------------+----------+-----------+---------+ 
|                           |          |           |         | 
+---------------------------+----------+-----------+---------+ 
| Ordinary Income share NAV |   74.81p |  73.19p   |  -2.16% | 
+---------------------------+----------+-----------+---------+ 
| Mid price                 |   71.50p |  60.50p   | -15.38% | 
+---------------------------+----------+-----------+---------+ 
 
Material Events and Transactions 
 
During the period under review the Company has not effected any corporate 
transactions but continues to invest mainly in well tested areas in the 
renewables universe, including those utilities that have exposure to low carbon 
power generation. 
 
 
Issued share capital of the Company at 30 September 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 & Cash (% of Gross Assets) as at 30 September 2010 
 
+--------------------------------+--------+ 
| Fortum Oyj                     |  5.79% | 
+--------------------------------+--------+ 
| EDP Renovaveis                 |  5.47% | 
+--------------------------------+--------+ 
| China Power New Energy         |  5.20% | 
+--------------------------------+--------+ 
| Dongfang Electrical Corp       |  4.76% | 
+--------------------------------+--------+ 
| Innergex Renewable Energy      |  4.74% | 
+--------------------------------+--------+ 
| Iberdrola Renovables           |  4.70% | 
+--------------------------------+--------+ 
| Greenko Group                  |  4.44% | 
+--------------------------------+--------+ 
| EDF Energies Nouvelles         |  4.24% | 
+--------------------------------+--------+ 
| Uranium One                    |  3.61% | 
+--------------------------------+--------+ 
| Exelon Corp                    |  3.39% | 
+--------------------------------+--------+ 
| China High Speed Transmission  |  3.31% | 
| Equipment  Group               |        | 
+--------------------------------+--------+ 
| Portland General Electric      |  2.68% | 
+--------------------------------+--------+ 
| China Singyes Solar            |  2.63% | 
| Technologies                   |        | 
+--------------------------------+--------+ 
| Centrotherm Photovoltaics      |  2.41% | 
+--------------------------------+--------+ 
| Trina Solar ADR                |  2.40% | 
+--------------------------------+--------+ 
| Cash                           |  2.88% | 
+--------------------------------+--------+ 
 
 
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 30 September 2010 
which would have a material impact on the financial position of the Company. 
 
 
For further information contact: 
Anson Fund Managers Limited 
Secretary 
 
Tel: 01481 722260 
 
11 October 2010 
 
 
A copy of the document  can be found at : 
 
 http://www.premierassetmanagement.co.uk/Library/Trustannouncements/PREF/Second 
IMS_2010.pdf 
 
 
                              END OF ANNOUNCEMENT 
 
 
E&OE - in transmission 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IMSFLLFFBBFBFBK 
 

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