Premium Income Corporation Preferred Shares (PIC.PR.A)

Premium Income Corporation Preferred Shares (PIC.PR.A $16.50)
- $16.50 Cap: $228M
- View PIC.PR.A Profile
- View Questions on PIC.PR.A

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Canadian Life Companies Split Corp. 2012 Preferred Shares (LFE.PR.B $10.41)
- $10.41 Cap: $85M
- View LFE.PR.B Profile
- View Questions on LFE.PR.B
Premium Income Corporation Preferred Shares (PIC.PR.A $16.50)
- $16.50 Cap: $228M
- View PIC.PR.A Profile
- View Questions on PIC.PR.A

Q: Could I get your views on the preferred share part of a couple split share funds, in particular the two above, which recently had new issues. I am not interested in the equity side of the split shares, but the recent preferreds have caught my attention, admittedly from the relatively high yield and the underlying investment being in solid companies. How consistent/sustainable are these dividends and what are the downsides to these stocks?
Thank-you

Read Answer Asked by grant on February 05, 2026

Premium Income Corporation Preferred Shares (PIC.PR.A $16.50)
- $16.50 Cap: $228M
- View PIC.PR.A Profile
- View Questions on PIC.PR.A

Q: Peter,

What is your opinion of Premium Income Preferred Share ( split share ) PIC.PR.A as an income vehicle? Are the payments taxed as dividends? Are there any other associated fees?

Thanks

Paul

Read Answer Asked by paul on May 14, 2019

Premium Income Corporation Class A Shares (PIC.A $9.27)
- $9.27 P/E (TTM): 10.99X Cap: $228M
- View PIC.A Profile
- View Questions on PIC.A
Premium Income Corporation Preferred Shares (PIC.PR.A $16.50)
- $16.50 Cap: $228M
- View PIC.PR.A Profile
- View Questions on PIC.PR.A

Q: Hello Team
I like your opinion on PIC.PR.A:CA and PIC.A:CA
would these two be a good addition to an income oriented portfolio?
And why is the dividend on PIC.A so high?
Can you explain how the windup of the fund works, will these funds eventually windup or can they just go down in price and be rolled over?
In addition if you do not think these stocks are a good investment, can you recommend some good solid Preferred stocks with a good long term track record and relative safety?
Thank you in advance and for your great service.
Don

Read Answer Asked by Don on May 15, 2019