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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 oldtrustguyon Jun 07, 2020 6:13pm
108 Views
Post# 31122289

RE:RE:July distribution

RE:RE:July distributionThanks mouserman. 

I looked back on thier records
last quarter 2008 they were under the 5.00 so paid .10 c in January
2009 first and secound quarters still under 5.00 so paid .10c and .10c
2009 third quarter they were just under the 5.00 about (4.89? average) they raised to .15c
2009 last quarter above 5.00 so they paid the reg .20319 in january.

just looked at your DFN and got just about the same NAV as you

What do you get for FFN?? I have it up over 10% for the week
last NAV was 12.46 I get around 13.79 now ??

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