18th Sep 2025 19:32
Premier Miton Global Renewables Trust PLC - Leeds, England-based investor focused on renewables - Enters into non-binding heads of terms on a scheme of reconstruction with alternative investment fund manager Premier Portfolio Managers Ltd. Under the scheme, shareholders may either roll over their investment in the company into sterling class B income shares in Premier Miton Global Infrastructure Income Fund, a sub-fund of Premier Miton Investment Funds 3, and/or receive an uncapped cash exit, both at net asset value, subject to agreed adjustments for costs not already reflected in the NAV. The rollover option will be the default. Infrastructure-asset investor GIIF has "generated stronger performance than the company over a one, three and five-year basis and offers a historic dividend yield of 4.11% as at July 31, the daily liquidity of an open-ended fund and lower ongoing costs," the firm says. PPM has agreed to contribute towards the costs of the scheme. Read More
