PEW : Premier Energy and Water solid interims and plans for the future

Solid interims and plans for the future

Attached is our latest note on Premier Energy and Water, please take a minute to have a look.

Premier Energy & Water’s interim results show that the portfolio beat comparable indices over the first half of 2014 and the gross assets outperformed again in July, further extending the run of good performance generated by the Trust since the manager and the investment approach changed two years ago.

After consulting shareholders (holders of both the ordinary and zero dividend preference shares), the Board believes there is appetite for the company to continue beyond its planned wind up date in 2015 and is putting forward proposals to restructure the company.