Premium Income Corp T.PIC.PR.A

Primary Symbol: T.PIC.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 return the original issue price to holders of both preferred share and Class A shares upon windup of the Fund. It invests at least 75 % of its net asset value (NAV) in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank (collectively, the Banks) and also invests up to 25 % of its NAV in common shares of National Bank of Canada. In addition, the Fund may purchase public investment funds, including exchange-traded funds and other Mulvihill Funds. Its investment manager is Mulvihill Capital Management Inc.

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Premium Income Corp > Is there any rhyme or reason

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Comment by jammo71on Nov 02, 2020 7:05pm

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Post# 31827114

RE:Is there any rhyme or reason

I'm not an expert, but from my experience with this stock, it follows the banks down fast, usually dropping more than the actual bank stocks, and then recovers much more slowly than the bank stocks.

Aside from that, it would be general market fluctuation. Or, bots, if that's what works for you.