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Symbol | Exchange | Currency | ||
---|---|---|---|---|
PIC_pa | Toronto | CAD | Real-time | |
PICa | Toronto | CAD | Real-time | |
PICa | CBOE Canada | CAD | Real-time |
Premium Income Corporation is a split share company. The Fund’s investment objectives are to provide holders of Preferred shares with fixed cumulative preferential quarterly cash distributions in the amount of $0.215625 per Preferred share representing a yield on the issue price of the Preferred shares of 5.75% per annum; to provide holders of Class A Shares with quarterly cash distributions equal to the amount, if any, by which the net realized capital gains, dividends and option premiums (other than option premiums in respect of options outstanding at year-end) earned on the Fund’s portfolio in any year, net of expenses and loss carry forwards, exceed the amount of the distributions paid on the Preferred Shares, and to return the original issue price to holders of both preferred share and Class A shares upon wind-up of the Fund. Mulvihill Capital Management Inc. is the investment manager of the Fund.
Name | Age | Since | Title |
---|---|---|---|
John Paul Mulvihill | 74 | - | Chairman, Chief Executive Officer, President and Secretary |
Robert W. Korthals | 88 | 1996 | Independent Director |
Robert G. Bertram | 77 | 2009 | Independent Director |
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