Profile data is unavailable for this security.
About the company
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 return the original issue price to holders of both preferred share and Class A shares upon windup of the Fund. It invests at least 75 % of its net asset value (NAV) in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank (collectively, the Banks) and also invests up to 25 % of its NAV in common shares of National Bank of Canada. In addition, the Fund may purchase public investment funds, including exchange-traded funds and other Mulvihill Funds. Its investment manager is Mulvihill Capital Management Inc.
- Revenue in CAD (TTM)12.44m
- Net income in CAD-33.51m
- Incorporated1996
- Employees--
- LocationPremium Income Corp121 King Street WestSuite 2600, Standard Life Centre,P.O. Box 113TORONTO M5H 3T9CanadaCAN
- Phone+1 (416) 681-3900
- Fax+1 (416) 681-3901
- Websitehttps://www.mulvihill.com/PIC
