Premium Income Corporation (PIC-A.TO)
Premium Income Corporation operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Toronto, ON, CA. The stock last traded at $11.02, up 1.94% on the session, giving a market capitalisation of $230.9M. Its beta of 1.12 implies it has historically moved more than the broad market.
Managed by Strathbridge Asset Management Inc., Premium Income Corporation is a Canadian equity mutual fund that primarily focuses its investments on the public stock markets within Canada, specifically targeting the banking industry. This fund strategically utilizes financial derivatives, such as call and put options, to secure holdings in major Canadian banks including Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Toronto Dominion Bank. A core objective is to invest in enterprises that distribute dividends. Established on August 27, 1996, this Canadian-domiciled fund assesses its performance by benchmarking against the S&P/TSX Diversified Banks Total Return Index.
Premium Income Corporation is most often compared with the following Financial Services names: