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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

Premium Income Corp > Where's the dip, darn it,,,
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Comment by mnztron Nov 15, 2024 11:27am
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Post# 36314969

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

RE:RE:RE:Where's the dip, darn it,,,Why don't I like it after a 30% cut in divvy? Because it means that the issuer no longer respects the investor, and the capital losses over the last few years are not likely to ever be recovered. And if they do it once, whats to stop them from doing it again?
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