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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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Post by ace1mccoyon Apr 05, 2021 4:09pm
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Post# 32938680

Dividend Announced

Dividend Announced TSX: PIC.A; PIC.PR.A) Premium Income Corporation has declared quarterly distributions payable on April 30, 2021 to shareholders of record on April 15, 2021 in the following amounts per share:
 Share Class      Ticker   Amount Per Share
 Class A Shares   PIC.A    $0.20319
 Preferred Shares PIC.PR.A $0.215625
To the extent that any portion of the distributions are ordinary taxable dividends and not capital gains dividends, they will be eligible dividends.

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