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LQWD Technologies Lightning Network Infrastructure Surpasses 1 Million Global Transactions (click to learn more)

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

Alternate Symbol(s): T.PIC.PR.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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Bullboard (TSX:PIC.A)

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Comment by wolverine99on Nov 06, 2024 12:49pm

RE:RE:RE:RE:RE:Dumped all my shares after reading this.

When the dust settles 15% yield will look goo to alot of people!!

Discussion

Comment by Donwaanon Nov 06, 2024 10:32am

RE:RE:RE:RE:Dumped all my shares after reading this.

If PIC A trades around it's post consolidation NAV and it consistently pays an 8 cent monthly distribution the market will respond favourably,albeit gradually perhaps.

Discussion

Pharmaceutical Tech Co Reports 2.7X Revenue Growth Year-Over-Year at US $24 Million

posted Nov 21, 2024 9:00am by Innocan Pharma Corp

"Our strong operational and financial momentum continued throughout 2024 and now in the third quarter, we again demonstrated solid financial results. We are pleased to report nine consecutive quarters of continuous revenue growth. Our online platform continues to perform exceptionally well, contributing to our strong nine-month revenue growth of 174% YoY ...read more

Post by elonmuskrat247on Nov 06, 2024 10:03am

Looks like someone likes,,

this at this price.... ANON is buying almost everything offered today at this level.. Hmmm.

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Post by PressReleaseon Nov 06, 2024 9:15am

New Press Release - PREMIUM INCOME CORPORATION ANNOUNCES CLOSING OF OVERNIGHT OFFERING OF PREFERRED SHARES

/Not for distribution to U.S. newswire services or for dissemination in the United States./TORONTO, Nov. 6, 2024 /CNW/ - (TSX: PIC.PR.A) – Premium Income Corporation (the "Fund") is pleased to announce that it has completed the previously announced treasury offering of 4,350,000 preferred shares ...read article.

Comment by mnztron Nov 05, 2024 10:41pm

RE:RE:Dumped all my shares after reading this.

No need, I can get BK or something else, just reacting to a large dividend cut

Discussion

Comment by marcroberton Nov 05, 2024 4:38pm

RE:RE:RE:Reply from Mulvihill

We should have a poll. consolidated shares will trade as of the 14th (after ex date i think? we should see a further drop after the ex div of the new 8 cent monthly. I think it'll be around 5 ...more

Discussion

Comment by mnztron Nov 05, 2024 4:12pm

RE:RE:RE:RE:Reply from Mulvihill

I was using 4.64 a NAV . In any case Yield is going down so may as well back off until the dust settles...at least.

Discussion

Comment by marcroberton Nov 05, 2024 3:30pm

RE:RE:RE:Dumped all my shares after reading this.

recover how? based on the underlying? it's trading at nav more or less now. But both the nav and distribution rate are changing dramatically, distribution not in a good way. If the yield comes ...more

Discussion

Comment by Donwaanon Nov 05, 2024 3:13pm

RE:RE:Dumped all my shares after reading this.

Pic.a has fallen in tandem all the other splits recently. The consolidation and reduced distribution notwitstanding it should recover as the entire split sector does. Although it may take a little ...more

Discussion

Comment by marcroberton Nov 05, 2024 1:48pm

RE:Dumped all my shares after reading this.

why not go with something more stable like bkcl or bank sbc etc.?

Discussion

Post by Mrfriendlyxon Nov 05, 2024 1:23pm

Get out while you can

I am going to sell my entire position for a small lost. Don't think this stock will rebound after the 12th. Whoever said this stock will be a keeper is dreaming atm.

Comment by marcroberton Nov 05, 2024 12:10pm

RE:RE:RE:Reply from Mulvihill

how do you get 32%, it seems to be 50% and yield (81 to 96 cents). would the price stay at nav after a 25% distribution cut? the more i think about it, a selloff in price makes more sense ...more

Discussion

Post by marcroberton Nov 05, 2024 11:50am

Possible scenario post consol

next week the A shares nav will go up by about 50%, (4.14 to 6.30 expected) but the distribution only by 20% (.80 to .96) So if holders aren't happy with that, A shares may sell off way ...more