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

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TSX:PIC.A - Post Discussion

Premium Income Corp > Biggest holding as of April 30th

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Post by Donwaan on Jun 12, 2023 3:30pm

Biggest holding as of April 30th

Cash and Short Term 21.5%

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Comment by Yetzimania on Jun 12, 2023 3:47pm

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Comment by Donwaan on Jun 12, 2023 4:14pm

Courtesy 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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