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Premium Income Corp T.PIC.PR.A


Primary Symbol: T.PIC.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

Comment by marcroberton Nov 13, 2024 2:14pm
119 Views
Post# 36310798

RE:RE:Where's the dip, darn it,,,

RE:RE:Where's the dip, darn it,,,hey, if you liked it at 20% yield, why wouldn't you love it at 14%?  kind of puzzling, some dumped right before election (bad timing in hindsight), and since the underlying has been rising a lot it skews things 

I don't agree on the volatility. look at mid july -mid september 24 and october vs others, pic.a was a train wreck, hard to explain the underperformance and movement. It's also very illiquid vs others. AND from may 1/23-nov 11 /24 vs sbc: 
Total return: -5.73% 19.76% 
 a 25% delta on total return, that's a HUGE difference.


PIC.A.CA SBC.CA Growth of $10,000.00
With Dividends Reinvested
Start date: 05/01/2023 05/01/2023
End date: 11/11/2024 11/11/2024
Start price/share: $6.18 $10.70
End price/share: $4.41 $10.50
Starting shares: 1,618.12 934.58
Ending shares: 2,137.63 1,140.62
Dividends reinvested/share: $1.22 $1.80
Total return: -5.73% 19.76%
Average Annual Total Return: -3.77% 12.47%
Starting investment: $10,000.00 $10,000.00
Ending investment: $9,427.45 $11,975.75
Years: 1.53 1.53

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