{"id":51885,"date":"2026-05-05T19:31:39","date_gmt":"2026-05-05T23:31:39","guid":{"rendered":"https:\/\/prefblog.com\/?p=51885"},"modified":"2026-05-05T19:31:39","modified_gmt":"2026-05-05T23:31:39","slug":"pic-pr-a-capital-units-split","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51885","title":{"rendered":"PIC.PR.A: Capital Units Split"},"content":{"rendered":"<p>Mulvihill Capital Management Inc. <a href=\"https:\/\/mulvihill.com\/pr\/PIC.A\/PIC.A_20260428_091439.pdf\">has announced<\/a>:<\/p>\n<blockquote><p>Premium Income Corporation (the \u201cFund\u201d) is pleased to announce its intention to complete a share split of its class A shares (the \u201cShare Split) due to the Fund\u2019s 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 \u201cTSX\u201d).<\/p>\n<p>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%.<\/p>\n<p>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.<\/p>\n<p>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<\/p><\/blockquote>\n<p>PIC.PR.A was last mentioned on PrefBlog in 2024, when there was a <a href=\"https:\/\/prefblog.com\/?p=47514\">big retraction<\/a>.<\/p>\n<p>PIC.PR.A has a par value of 15.00, with a <a href=\"https:\/\/mulvihill.com\/pic#tab=nav\">total NAVPU (including the Capital Units, which will shortly be split) of 27.39<\/a> as of 2026-04-30.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mulvihill Capital Management Inc. has announced: Premium Income Corporation (the \u201cFund\u201d) is pleased to announce its intention to complete a share split of its class A shares (the \u201cShare Split) due to the Fund\u2019s strong &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-51885","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51885"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51885\/revisions"}],"predecessor-version":[{"id":51886,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51885\/revisions\/51886"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}