PIC.A Premium Income Corporation

(TSX:PIC.A)(TSX:PIC.PR.A) - Premium Income Corporation (the "Fund") is pleased
to announce that it has filed a preliminary short form prospectus relating to an
offering of rights ("Rights") to holders ("Shareholders") of its class A shares
("Class A Shares") and preferred shares ("Preferred Shares"). Each Shareholder
of record on a date to be established prior to filing the final short form
prospectus will receive one Right for each Class A or Preferred Share held. 


Two Rights will entitle the holder to acquire one Class A Share and one
Preferred Share upon payment of the subscription price. The record date and the
subscription price will be determined at the time the Fund files its final
prospectus for the offering. 


The exercise of Rights by holders will provide the Fund with additional capital
that can be used to take advantage of attractive investment opportunities and is
also expected to increase the trading liquidity of the Class A Shares and the
Preferred Shares as well as reduce the management expense ratio of the Fund. 


The Fund invests in a portfolio consisting principally of common shares of Bank
of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal
Bank of Canada and The Toronto-Dominion Bank (the "Banks"). To generate
additional returns above the dividend income earned on the Fund's portfolio, the
Fund may from time to time write covered call options in respect of some or all
of the common shares in the Fund's portfolio. The Fund may also, from time to
time, write cash-covered put options in respect of securities in which the Fund
is permitted to invest. The manager and investment manager of the Fund is
Strathbridge Asset Management Inc. 


For further information, please contact at 416.681.3966, toll free at
1.800.725.7172 or visit www.strathbridge.com.


David Roode, President, Fund Services

Grafico Azioni Premium Income (TSX:PIC.A)
Storico
Da Apr 2024 a Mag 2024

Grafico Azioni Premium Income (TSX:PIC.A)
Storico
Da Mag 2023 a Mag 2024