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TORONTO, June 23, 2026 (GLOBE NEWSWIRE) — (TSX: PIC.A) 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 June 29, 2026 will receive 20 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”).
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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 20%.
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The Class A shares are expected to commence trading on an ex-split basis at the opening of trading on June 29, 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 impact of the Share Split will be reflected in the net asset value per Class A share as of July 9, 2026.
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For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at [email protected] or visit www.mulvihill.com
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| John Germain, Senior Vice-President & CFO | Mulvihill Capital Management Inc. 25 King Street West Commerce Court North Suite 2110, Box 48 Toronto, Ontario, M5L 1A1 |
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English (US)