Premium Income Corp T.PIC.A

Special Retraction Price and what it means

[wizardtricks]

Hello, first time lurker here. I'm just trying to grasp and understand happens to my shares of pic.a. If anybody could answer my questions that would be greatly appreciated.

1. What are the pros and cons of a share retraction?
2. What will happen to my shares if I do nothing? 
3. Is this a good sign for things to come or bad? 

Thanks in advance!

[Higherhopes2020]

Key here is  : Fund will be extended automatically for an additional seven year period beyond November 1, 2024 to November 1, 2031. Since market price is greater than the  NAV, there may not be any huge reatraction if any. That's my understanding.  TORONTO, Sept. 4, 2024 /CNW/ - (TSX: PIC.A) (TSX: PIC.PR.A) Premium Income

[Donwaan]

Depending on the number of preferred shares that are retracted under the special retraction right, the fund 'may' have to consolidate the Class A shares to ensure an equal number of Class A shares and preferred shares remain outstanding. (In the event of an A share consolidation the A share distribution would effectively be reduced proportionately as it was in 2010. The Class A shares were

[Donwaan]

I may be mistaken about the distribution being proportionately reduced. The distribution was 15 cents before the Nov.1,2010 consolidation but was 'increased' to 20.319 cents after the A shares were consolidated 0.738208641 for 1 effectively leaving it the same.