Premium Income Corporation (PIC-A.TO) Stock
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.
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About Premium Income Corporation
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 headquartered in CA.
Premium Income Corporation (PIC-A.TO) stock trades at $10.81 with a market capitalization of $226.49M. Over the past 52 weeks the stock has ranged between $4.79 and $11.31, and currently trades 4.4% below its 52-week high.
Official website: www.strathbridge.com/overview.aspx?fund_id=7