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Bullboard - Stock Discussion Forum 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... see more

TSX:PIC.A - Post Discussion

Premium Income Corp > Who is paying near double of NAV today ?
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Post by JohnWalker on Nov 18, 2020 2:24pm

Who is paying near double of NAV today ?

Last report of NAV (from Nov 12th) is $2.13. MAYBE it's at $2.50 today if you're lucky. Who the hell is paying $4.35 for this pig ?

Will wait to see what reported NAV is on Friday morning and may put on some shorts on this puppy.
Comment by navgod on Nov 18, 2020 2:49pm
The answer is people who are blinded by the fact this thing pays a distribution dispite at times an almost nonexistent NAV. As a pref holder it pisses me off. That said unit NAV vs unit price is not out of line so a short on the capital shares isn't advisable. ps don't think they report the Thrusday NAV until the weekend.
Premium Income Corp
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