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PREMIER ENERGY AND WATER TRUST PLC: Interim Management Statement

PREMIER ENERGY AND WATER TRUST PLC 
Interim Management Statement for the Quarter ended 30 September 2013 
Investment Objective 
The Company's investment objectives are to achieve a high income from its
portfolio and to realise long-term growth in the capital value of the
portfolio. The Company will seek to achieve these objectives by investing
principally in the equity and equity related securities of companies operating
primarily in the energy and water sectors, as well as other infrastructure
investments. 
Financial Highlights 
Share price and NAV returns 


                                     30 September        30 June     % change
                                             2013           2013                
                                                                            


                                                                         
Zero Dividend Preference share NAV        192.33p        189.23p        +1.6%
*                                                                             
                                                                         
Mid price                                 198.88p        193.63p        +2.7% 
                                                                         
Ordinary share NAV*                       149.61p        162.95p        -8.2% 
                                                                         
Mid price                                 140.75p        133.50p        +5.4% 


                                                                             

* Calculated in accordance with the Articles of Association

Total return performance
                                                          % change           
                                                          Quarter ended      
                                                          30 September 2013  


                                                                         
Total Assets *                                            -1.5%               
                                                                         
Bloomberg World Utilities Index (£)                       -2.0%               
                                                                         
FTSE All Share                                            +5.7%               
* Total return performance, adjusted for any dividends distributed and
declared. 
Material Events and Transactions 
Half Year Report 
The half year report to 30 June 2013 was mailed to shareholders on 23 August
2013. 
Dividends 
On 1 August 2013 the Board announced that it had reviewed the revenue
projection for the Company for the year ending 31 December 2013 and the current
level of the revenue reserve. The Board said that it was committed to a
progressive dividend strategy and intended to continue to distribute a base
dividend that related to the level of earnings. The Board therefore proposed to
increase the second interim base dividend for 2013 by 11.76% to 1.9p compared
to the 1.7p per Ordinary share paid for the equivalent period in 2012. In
addition, subject to unforeseen circumstances, the Board said it intended to
run down the Company's substantial revenue reserve by making additional
distributions of 0.75p per quarter and anticipated being in a position to
maintain these additional distributions through to the Company's currently
anticipated winding up date on 31 December 2015. The additional 0.75p per
quarter distribution would commence with the second interim dividend payment in
2013. Accordingly the Company announced a second interim dividend for the year
ending 31 December 2013 of 2.65p per Ordinary share comprised of a base
dividend of 1.9p and an additional dividend of 0.75p. This second interim
dividend was paid on 30 September 2013 to members on the register at the close
of business on 30 August 2013. The Ordinary shares were marked ex-dividend on
28 August 2013. 
On 15 October 2013, the Company declared a third interim dividend for the year
ending 31 December 2013 of 2.65p per Ordinary share comprised of a base
dividend of 1.9p, compared to the 1.7p per Ordinary share paid in the
equivalent period in 2012 and an additional dividend of 0.75p per Ordinary
share in accordance with the policy announced in August 2013 to run down the
Company's revenue reserve. This third interim dividend will be paid on 31
December 2013 to members on the register at the close of business on 29
November 2013. The Ordinary shares will be marked ex-dividend on 27 November
2013. 
LargestHoldings(% of Gross Assets) 
Company                                       Country    Valuation 
                                                    % of total 
                                                              
OPG Power Ventures                              India         6.0% 
                                                              
Fortune Oil                                     China         5.2% 
                                                              
China Everbright Intl.                          China         4.9% 
                                                              
China Suntien Green Energy                      China         4.4% 
                                                              
GDF Suez                                       France         4.1% 
                                                              
Ecofin Power & Water*                              UK         3.9% 
                                                              
Qatar Electricity & Water                       Qatar         3.8% 
                                                              
National Grid                                      UK         3.7% 
                                                              
Enersis                                         Chile         3.6% 
                                                              
Essar Energy PLC**                              India         3.4% 
* Holding in convertible bond 
** Holding in both convertible bond and equity 
The Board is not aware of any significant events or transactions which have
occurred since 30 September 2013 to the date of the publication of this
statement which would have a material impact on the financial position of the
Company. 
At 16 October 2013 the Zero Dividend Preference share NAV was 192.87p and the
Ordinary share NAV was 165.44p. 
Further Information 
Daily prices, Company announcements, Report and Accounts and monthly fact
sheets are available via www.premierfunds.co.uk. 
18 October 2013 
END 
-0- Oct/18/2013 10:11 GMT