UPDATE: This trust was delisted in late 2025, with shareholders offered a cash exit or a rollover into an open-ended fund.

Premier Miton Global Renewables (PMGR) was launched in 2003 and has gone through a few incarnations over the last two decades, first investing primarily in utilities, then infrastructure, and most recently renewables. It has been managed by James Smith since 2012 and is a split capital trust using zero dividend preference shares (ZDPs) to gear up its balance sheet which has resulted in a very volatile share price performance. PMGR's share price has produced a 7.3% annuali...