Premium Income Corporation Announces Successful Overnight Offering Of Preferred Shares

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TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- (TSX:PIC), Premium Income Corporation (the "Fund") is pleased to announce a successful overnight treasury offering of 4,350,000 Preferred Shares. Gross proceeds of the offering are expected to be $65,250,000.

The offering is expected to close on or about November 6, 2024, and is subject to certain closing conditions including approval by the Toronto Stock Exchange ("TSX"). The Preferred Shares will be offered at a price of $15.00 per Preferred Share representing a yield on the original issue price of ...