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PICa – Premium Income Corp

Not Compliant

—X—

Premium Income Corp is not compliant with Shariah. The company is involved in Portfolio Management and related activities.

$75,138,258

Market cap

99.16%

Revenue Growth

-

Analysts' Rating

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N/A

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Total Analysts: 0

Company Profile

Premium Income Corporation (the Fund) is a Canada-based mutual fund corporation. The manager and investment manager of the Fund is Strathbridge Asset Management Inc. The Fund’s investment objectives are to provide holders of preferred shares with cumulative preferential quarterly cash distributions; 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 (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 return the original issue price to holders of both preferred shares and class A shares upon windup of the Fund.

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