Premium Income Corporation is a split share fund that invests primarily in common shares of the major Canadian banks. The company structures its securities as Preferred Shares and Capital Shares to separate income generation from capital appreciation objectives. It uses covered call option writing on its underlying bank share portfolio to enhance portfolio income and help manage volatility. Preferred Shares are designed to provide fixed cumulative monthly cash distributions based on the underlying holdings. Capital Shares are designed to give investors leveraged exposure to the potential capital appreciation of the bank share portfolio. The fund is managed by Mulvihill Capital Management, which oversees portfolio construction, option strategies, and ongoing distributions.
Sector:
Miscellaneous
Industry:
Investment Trusts Or Mutual Funds
Employees:
N/A
Frequently Asked Questions
What is Market Cap of Premium Income Corp. - Ordinary Shares - Class A?
Market cap, also known as market capitalization, is the total market value of a company. It's calculated by multiplying the current market price by the total number of shares outstanding. Premium Income Corp. - Ordinary Shares - Class A market cap is $251M.
What is the 52-week high for Premium Income Corp. - Ordinary Shares - Class A?
52 week high is the highest price of a stock in the past 52 weeks, or one year. Premium Income Corp. - Ordinary Shares - Class A 52 week high is $11.31 as of September 05, 2026.
What is the 52-week low for Premium Income Corp. - Ordinary Shares - Class A?
52 week low is the lowest price of a stock in the past 52 weeks, or one year. Premium Income Corp. - Ordinary Shares - Class A 52 week low is $5.19 as of September 05, 2026.
What is Premium Income Corp. - Ordinary Shares - Class A stock price today?
Premium Income Corp. - Ordinary Shares - Class A stock price today is $10.27.
What was Premium Income Corp. - Ordinary Shares - Class A stock price yesterday?
Premium Income Corp. - Ordinary Shares - Class A stock price yesterday was $10.28.
What is the PE ratio of Premium Income Corp. - Ordinary Shares - Class A?
The Price-to-Earnings (or P/E) ratio is a commonly used tool for valuing a company. It's calculated by dividing the current share price by the earnings per share (or EPS). It can also be calculated by dividing the company's Market Cap by the Net Profit. Premium Income Corp. - Ordinary Shares - Class A's P/E ratio is 1.5.
What is the Price-to-Book ratio of Premium Income Corp. - Ordinary Shares - Class A?
The Price-to-Book (P/B) ratio is a commonly used tool for valuing a company. It's calculated by dividing a company's market capitalization by its book value. Premium Income Corp. - Ordinary Shares - Class A P/B ratio is 0.9946.
What is the 50-day moving average of Premium Income Corp. - Ordinary Shares - Class A?
The 50-day moving average is a frequently used data point by active investors and traders to understand the trend of a stock. It's calculated by averaging the closing stock price over the previous 50 trading days. Premium Income Corp. - Ordinary Shares - Class A 50-day moving average is $10.52.