**Summary**
Premier Miton Global Renewables Trust Plc has announced recommended proposals for its reconstruction and voluntary winding-up via a scheme of arrangement under the Insolvency Act 1986. Shareholders are offered two options
1. **Rollover Option**Transfer their investment into the Premier Miton Global Infrastructure Income Fund (Sub-Fund), an open-ended fund managed by the same investment manager, offering exposure to infrastructure securities, a dividend yield, and stronger historical performance.
2. **Cash Option**Receive a cash exit at net asset value, less associated costs.
The Sub-Fund, with net assets of £77.2 million, provides long-term income and capital growth, focusing on infrastructure investments. The proposals aim to minimize dealing costs compared to a simple winding-up, and the Company’s alternative investment fund manager (AIFM) will contribute to the scheme’s costs.
Key benefits include maintaining exposure to infrastructure investments, avoiding full portfolio realization costs, and the AIFM’s financial support. The scheme is conditional on shareholder approval at General Meetings on 25 November and 5 December 2025, FCA approval, and the Directors’ decision to proceed.
The process involves dividing the Company’s assets into three pools: a **Liquidation Pool** for liabilities, a **Rollover Pool** for shareholders choosing the Sub-Fund, and a **Cash Pool** for those opting for cash. The scheme is expected to be effective by 5 December 2025, with Sub-Fund shares issued and cash payments made shortly thereafter.
The Board unanimously recommends shareholders vote in favor of the proposals, emphasizing they are in the best interests of all shareholders.