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About the company
Premium Income Corporation (the Fund) is a split-share company designed to provide Preferred shareholders with cumulative preferential quarterly cash distributions of $0.215625 per share, to provide Class A shareholders with quarterly cash distributions equal to the amount, if any, by which the net realized capital gains, dividends and option premiums earned on the Fund’s portfolio in any year, net of expenses and loss carryforwards, exceed the amount of the distributions paid on the Preferred shares, and to return the original issue price to holders of both Preferred shares and Class A shares upon windup of the Fund. The Fund invests at least 75% of its net asset value (NAV) in the common shares of Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and Toronto-Dominion Bank and may also invest up to 25% of its NAV in common shares of National Bank of Canada. Mulvihill Capital Management Inc. is the Investment Manager of the Fund.
- Revenue in CAD (TTM)14.03m
- Net income in CAD84.14m
- 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
