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Bullboard - Stock Discussion Forum Premium Income Corp T.PIC.A

Alternate Symbol(s):  T.PIC.P.A

Premium Income Corporation is a split share company. The Fund’s investment objectives are to provide Preferred shareholders with cumulative preferential quarterly cash distributions of $0.215625 per share, representing an annual yield of 5.75% on the original issue price of the Preferred shares; to provide Class A shareholders with quarterly cash distributions of $0.20319 per share, and to... see more

Bullboard (TSX:PIC.A)

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Post by marcroberton Nov 10, 2023 8:09am

Distribution going down

Looking back at 2020 as an example, they cut the dist in half to 10 cents for Q2,3, and 4 (9 months). During that period, the nav hovered between 0 to 65 cents in q2 and $1-3.30 between august and ...more  
120
Discussion
Comment by marcroberton Nov 08, 2023 11:53am

RE:Hope it can begin to hold 4 dollars

i'm guessing if erosion of C bank stocks continues in 2024, how could this hold $4? I expect banks won't bottom for a while, we're in a recession and mortgage resets are going to affect ...more  
49
Discussion
Post by marcroberton Nov 08, 2023 11:51am

Nav 46 cents, payout 20 cents amonth??

I have other splits but did not know about this one. how can they pay out 20 cents when nav is close to zero - this only happened in 2009 and 2020 as far as i can tell, but huge swings in nav in 2020 ...more  
91
Post by itsthehitmanon Oct 31, 2023 12:37pm

Hope it can begin to hold 4 dollars

Payday today for 15000 old shares at 20 cents. Payday today....yeah  Glta
66
Discussion
Comment by EdPaquetteon Aug 24, 2023 7:09pm

RE:RE:RE:Up big today

I'm not in Pic right now. BK, FTN and LCS. 
48
Discussion
Comment by Donwaanon Aug 24, 2023 5:14pm

RE:RE:Up big today

Are either of you gents buying at these low prices? The yield is now 19%. With a rebound in the banks the NAV should follow suit.
65
Discussion
Comment by EdPaquetteon Aug 22, 2023 12:05pm

RE:Up big today

That was just a flash in the pan, gone already. Some refugees from dfn finding out the volume is lower here.  Bid vs ask are farther apart. 
66
Discussion
Post by Mrfriendlyxon Aug 22, 2023 9:52am

Up big today

Wondering what news cause this huge uptick. Don't see such a huge gain in the other funds in TSX. 
82
Discussion
Post by Donwaanon Jul 10, 2023 11:02am

Question

Anonymous is doing the bulk of the recent selling, is this the at the market equity program in action? Since the program was announced in September 2022 the share count has increased by 797,700 as of ...more  
204
Comment by Donwaanon Jul 05, 2023 4:26pm

RE:July distribution

Merci beaucoup PIC.A fund managers for maintaining the .20310 distribution! 100 plus consecutive quarters, 25 plus years and counting.
79
Discussion
Post by EdPaquetteon Jun 27, 2023 7:59pm

Warning

Nav is down 50% since February.  Pricing As of 06/22/2023 Current NAV for PIC.PR.A: $15.00 Market Price: $13.41 Last Traded: 06/26/2023 Current ...more  
260
Post by Donwaanon Jun 27, 2023 4:50pm

July distribution

Last reported PIC.A was holding 21.5% in cash. Will they use some of that if need be and stick with the .20319 distribution with the NAV below $3 ?
105
Discussion
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