Premium Income Corp

TSX:PIC.ACanada

Premium Income Corporation is a split share company. The Fund’s investment objectives are to provide Preferred shareholders with cumulative preferential quarterly cash distributions of $0.215625 per share, representing an annual yield of 5.75% on the original issue price of the Preferred shares; to provide Class A shareholders with quarterly cash distributions of $0.20319 per share, and to return the original issue price to holders of both preferred share and Class A shares upon windup of the Fund. It invests at least 75 % of its net asset value (NAV) in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank (collectively, the Banks) and also invests up to 25 % of its NAV in common shares of National Bank of Canada. In addition, the Fund may purchase public investment funds, including exchange-traded funds and other Mulvihill Funds. Its investment manager is Mulvihill Capital Management Inc.

Contact Information

Headquarters

121 King Street West Suite 2600, Standard Life Centre,TORONTO, ON, Canada M5H 3T9

Phone

416-681-3900

Fax

416-681-3901

Executives

Chairman of the Board, President, Chief Executive Officer, Secretary

John Mulvihill

Chief Financial Officer, Director

John Germain

Independent Director, IRC Member

Robert Bell

Independent Director, IRC Member

Robert Bertram

Independent Director, IRC Member

R. Peter Gillin