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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 > Biggest holding as of April 30th
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Comment by Donwaanon Jun 12, 2023 4:14pm
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Post# 35492187

RE:Biggest holding as of April 30th

RE:Biggest holding as of April 30thCourtesy of mouserman: FTN's cash position jumps to 21 % at May 31. So obvious Quadravest managers are stacking up on cash to limit the losses and maybe buy some bargains. In fact they may done so already after the minicorrection at the end of MAY. Perhaps the managers of PIC.A are of like mind with their 21.5% in cash?
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