Premier Energy and Water Trust PLC is a split-capital investment trust. The Company's investment objectives are to achieve income from its portfolio and to realize long term growth in the capital value of the portfolio. The Company will seek to achieve these objectives by investing in equity and equity related securities of companies operating in the utilities and infrastructure sectors. The Company may invest up to 15% in other investment companies provided that they themselves invest in utilities and infrastructure. Up to 15% of the portfolio can be invested in unquoted investments. The Company�s Investment Manager is Premier Fund Managers Limited.