Mulvihill Capital Management Inc. has announced:
Premium Income Corporation (the “Fund”) is pleased to announce its intention to complete a share split of its class A shares (the “Share Split) due to the Fund’s strong performance. The holders of class A shares of record on the close of business on May 1, 2026 will receive 10 additional class A shares for every 100 Class A shares held, pursuant to the Share Split. The Share Split is subject to the approval by the Toronto Stock Exchange (the “TSX”).
As a result of the Share Split, the total dollar amount of distributions to be paid to the holders of Class A shares is expected to increase by approximately 10%.
The Class A shares are expected to commence trading on an ex-split basis at the opening of trading on May 1, 2026. No fractional Class A shares will be issued, and the number of Class A shares each holder shall receive will be rounded down to the nearest whole number. The Share Split is a non-taxable event. The Share Split will be reflected in the net asset value per Class A share as of May 7, 2026.
For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit www.mulvihill.com
PIC.PR.A was last mentioned on PrefBlog in 2024, when there was a big retraction.
PIC.PR.A has a par value of 15.00, with a total NAVPU (including the Capital Units, which will shortly be split) of 27.39 as of 2026-04-30.