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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 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.


TSX:PIC.A - Post by User

Premium Income Corp
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Comment by JohnWalkeron Feb 25, 2020 4:53pm
88 Views
Post# 30732849

RE:RE:Is this a safe haven?

RE:RE:Is this a safe haven?I tried to short PIC.A yesterday after selling ALL my equities and going to cash, but my broker had no shares to lend.

Buying ANYTHING in the next few days (weeks ??) is going to be like catching falling knives. The only safe place to park your capital is on the sidelines. Keep your gold if you have any.


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities