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Sept 2 (Reuters) - Premium Income Corp PICa.TO
* Premium Income Corporation announces automatic term extension
* Premium Income Corp - Term of fund will be extended automatically for an additional seven year period beyond November 1, 2017 to November 1, 2024
* Premium Income - In connection with new term, holders of class a shares to continue to receive qtrly distributions of $0.20319 per class A share
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