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Jan 6, 2026 8:00 PM

Premium Income Corporation Announces Class A Share Split and an Increase to Total Distributions

TORONTO, Jan. 06, 2026 (GLOBE NEWSWIRE) -- (TSX:PIC, PIC.PR.A)) Premium Income Corporation (the "Fund") is pleased to announce its intention to complete a share split of its class A shares (the "Share Split") due to the Fund's strong performance. Class A shareholders of record at the close of business on January 13, 2026 will receive 10 additional class A shares for every 100 class A shares held, pursuant to the Share Split. The Share Split is subject to the approval by the Toronto Stock Exchange (the "TSX").

The Fund has also declared an increase to the monthly distributions payable to class A shareholders of $0.09 per share from $0.08 per share. As a result of the Share Split and monthly distribution increase, the total dollar amount of distributions to be paid to class A shareholders is expected to increase by approximately 22%. ...