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Rank Premium Income Corporation Preferreds

This compare tool allows you to Rank Premium Income Corporation Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the Premium Income Corporation preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.

In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.

Premium Income Corporation Brief Overview

Visit the Premium Income Corporation company website to see the preferred share prospectus, news and other information.

Sector: Split Share
Main Features of this Spit Share Instrument:

  1. The Fund is a split share corporation designed to provide investors with exposure to six Canadian banks. The Fund utilizes Strathbridge’s proprietary SSO covered call writing strategy to enhance the income generated by the portfolio and to reduce volatility
  2. provide Preferred shareholders with cumulative preferential quarterly cash distributions of $0.215625 per share, representing an annual yield of 5.75% on the original issue price of the Preferred shares
  3. provide Class A shareholders with quarterly cash distributions of $0.20319 per share
  4. to return the original issue price to holders of both preferred share and Class A shares upon windup of the Fund
NOTE: THIS IS A SPLIT SHARE INSTRUMENT BY "Strathbridge Asset Managment"

Premium Income Corporation. offers two type of shares,

  1. Class A shares
  2. Preferred shares that pay a quarterly distribution representing a yield of 5.76% per annum on the issue price of $15.00

NOTE: THE CLASS A SHARE DIVIDEND IS NOT FIXED. THE DIVIDEND WILL VARY WITH EACH PAYMENT AND OUR SYSTEM CAN NOT CALCULATE WHAT THE DIVIDEND WILL BE

The latest information and statistics on their common stock PIC.A, can be easily accessed using websites like TMX Money.

Dividend Payment Schedule: 2024JAN31 , 2024APR30 , 2024JUL31 , 2024OCT30

Ex Dividend Date Schedule: 2024JAN14 , 2024APR14 , 2024JUL14 , 2024OCT14

 

Premium Income Corporation Preferred share Credit Ratings

The latest preferred share credit ratings for Premium Income Corporation are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.

A.M. Best FITCH S&P DBRS S&P Global Moody's



 
 

Rank Premium Income Corporation Preferreds - Compare Tool.

If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company

NOTE: Dividend dates are not fixed. The dates shown here are estimated and most likely a few days off. Do not make trades based on these dates. Always check with the issuer for the correct dates.


The following metrics are now only available on the premium version of this tool:


  1. Reset Date.
  2. Reset (Yield | Dividend). Represents the yield and dividend for the current issue after the upcoming reset. For this calculation it’s assumed the key rates are going to be the same as todays published rates. The reset yield is the sum of the key rate for the base term (5YR, 3Month, etc) plus the published spread. Since we do not know what the key rate will be at the time of the reset we assume its going to be the same as today. The ability to use a different set of rates during this caclulation is planned for a future release.
  3. Blended (Yield | Dividend).
  4. Rate Change Percent.
  5. Rate Change To Value.
  6. New Spread Change. It shows the effect or the current price on the issue spread of the preferred. It shows the percent increase/decrease of the new spread
  7. New Spread Value.
  8. Short Position.
  9. Additional Features.
  10. Years To Double Initial Investment. How many years will it take for the initial investment to double.
  11. Outstanding float.
  12. Market Cap In Bilions.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield.
(EST: UTC-05:00)Last Updated: Market Data 2024-Dec-20 16:41, Model Metrics 2024-Dec-20 17:10
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)Name
PIC-A PIC.PR.A CA7409102034 $15.55$15.70$13.60SPLIT SHARE + 5.76%05.55% $0.8640Premium_Income_Corporation




Current yields over time

The graph below shows the current yield of each Premium Income Corporation preferred share, over time. Place the mouse cursor over the graph to reveal data like (date, ticker and current Yield).
When viewing the graph below keep in mind the following
  1. The yield has an inverse relationshlp to the share price. As the share price rises towards face value the yield gets lower.
  2. For 5 year resets, at reset time the yield usually makes a substantial move up or down when the reset takes effect.

PIC-A Short Position over time

The graph below shows the short position for PIC-A preferred share over time. Place the mouse cursor over the graph to reveal data like (date, short position detail).

Currently the outstanding float for PIC-A is 13,444,291 and the latest short position is 1,434. Thus the current short position is 0.0100% of the outstanding float.