Edison Analyzes Future of Premier Miton Global Renewables Trust

On March 25, 2025, Edison Investment Research Limited published a report on the Premier Miton Global Renewables Trust (PMGR). The report highlights that investors will face a crucial continuation vote at the upcoming AGM on April 24. As sector-wide valuation pressures persist, the board recommends voting for continuation, proposing options to maintain value. The sector's challenges, coupled with the redemption requirement of zero dividend preference shares (ZDPs), affect PMGR's scale.

Recognizing low demand for smaller investment trusts, the board considers winding up the fund with a cash distribution. Alternatively, shareholders might transition into a similar open-ended fund. Consultation with shareholders and advisers is underway to determine the best path forward.