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Bullboard - Stock Discussion Forum 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... see more

TSX:PIC.A - Post Discussion

Premium Income Corp > Distribution
View:
Post by Donwaan on Jun 02, 2023 11:24am

Distribution

Will the distribution be lowered with bank stocks and the unit NAV falling? Or will PIC.A hold it steady at least for the upcoming quarter?
Comment by EdPaquette on Jun 02, 2023 3:15pm
There's a formula in thier documents....I think it oays the same until nav is down to $1.  It was $3 last time I looked. 
Comment by Donwaan on Jun 02, 2023 5:03pm
Thanks EP for reassuring information!
Comment by EdPaquette on Jun 02, 2023 6:40pm
Better read up.   https://mulvihill.com/PIC
Comment by Donwaan on Jun 07, 2023 2:45pm
Is it cover and duck and look out below or full speed ahead and damn the torpedoes?
Premium Income Corp
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