Premium Income Corp T.PIC.A

Pullback expected PIC.A

[Eizenberg]

I'm expecting a big pullback from PIC.A, it has not stop going up from the low of 3.39, so i think at the distribution date of sept. 15 it will begin. I maybe wrong and i maybe right, but it is never wrong to take profits. GLTA

[marcrobert]

you mean october 15 right? i am also surprised at the increase, but more about why it took so long to catch up. the nav has gone up 80% in the last 2 months. this has nothing to do with investors bidding up the price, only with the underlying value. nav as of last week was 4.36. (2.51 in august).  if you compare pic.a with others like sbc or cc etfs, you would see that pic did not reflect

[Donwaan]

Good analysis and all accurate IMO. The fund reorganisation has been well done by Mulvihill and the banking trend is upward.

[marcrobert]

not clear how the prefs can provide higher distribution without affecting a shares distribution?

[Higherhopes2020]

i have preferred shares :Great they are going pay 8.5% starting November.TSX: PIC.PR.A) Premium Income Corporation (the “Fund”) is pleased to announce the Preferred Share distribution rate for the fiscal year beginning November 1, 2024, will increase to 8.50% from 5.75% on their $15.00 redemption value and will move to paying a monthly distribution from a quarterly distribution. Monthly