Premium Income Corporation

Premium Income Corporation is a mutual fund corporation, incorporated in Ontario, Canada, on August 27, 1996. The fund's primary objective is to provide preferred shareholders with cumulative preferential cash distributions and Class A shareholders with cash distributions, while aiming to return the original issue price to both share classes upon the fund's wind-up. Its headquarters are located in Toronto, Ontario.

The corporation operates as a split share company, primarily investing in common shares of Canada's six largest banks: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, and National Bank of Canada. To enhance income and mitigate volatility, Premium Income Corporation employs an active covered call writing strategy and may also utilize cash-covered put options.

Managed by Mulvihill Capital Management Inc., Premium Income Corporation is a publicly traded entity on the Toronto Stock Exchange, with its Class A shares trading under the symbol PIC.A and Preferred Shares under PIC.PR.A. John P. Mulvihill serves as the Chairman & CEO of Mulvihill Capital Management Inc. In March 2026, a special meeting was announced to consider a proposal to modify the fund's investment restrictions, allowing greater flexibility to invest directly or indirectly in the common shares of the six major Canadian banks and up to 10% of its net asset value in other securities.