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

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TSX:PIC.A - Post Discussion

Premium Income Corp > PIC.A

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Post by Donwaan on Dec 15, 2023 7:20pm

PIC.A

...does fly under the radar for most, partly due to it's quarterly distribution policy I think. It has never missed a distribution since it's inception in 1996 and doesn't have a minimum NAV policy that stops it from paying. In very poor market conditions (2008/Covid) when the NAV gets to zero the distribution has been reduced to 10 cents but as markets recover it gets reinstated back to the standard 20.319 cents per quarter. The fund managers track record is impressive with a distribution paid for 100 consecutive quarters. I have held several splits over the years and each has their strong and their weak points.

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