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 > Mulvihill updates

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Post by Donwaan on Apr 01, 2024 4:10pm

Mulvihill updates

NAV to March 28th is $4.05 up 25 cents on the week. Well done! The distribution will be announced very soon.

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Comment by Donwaan on Apr 01, 2024 4:14pm

That should read up 21 cents for the week. Still well done!

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Comment by jammo71 on Apr 01, 2024 7:24pm

Last time the NAV was over $4 was March 9/23 ($4.10)... share price in that time frame was in the $6.40 range. Here's hoping!

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Comment by Donwaan on Apr 01, 2024 11:49pm

If the bank stocks continue to do well there will be a long runway for PIC.A to rise along with them. Interest rate cuts will also give the sector a boost.

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