Premium Income Corp. (A) | StockChase
9
Premium Income Corp. (A) (PIC.A-T)

Last Price Recorded: $7.8900 on 2017-11-17

ON STOCKCHASE SINCE Aug 2005

investment companies/funds

Premium Income Corp. (A)


Signal Opinion Expert

2016-12-09

COMMENT
Premium Income Corp. (A) (PIC.A-T)

This fund has 5 banks, and they split the capital shares, and the preferreds represent the dividends. A very good income producing pick, because it is about a 6% yield. If you think banks are going to continue to go up, which he does, you will continue to get a high dividend.

investment companies/funds
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $6.920
Owned: Unknown

2016-06-13

COMMENT
Premium Income Corp. (A) (PIC.A-T)

BMO Covered Call Cdn Banks (ZWB-T) or Premium Income Corp (PIC.A-T)? If you want to be in the banks for the next few years, ZWB is probably the better holding. Doesn’t know much about this one, but it would appear that it uses a significant amount of leverage. With this one, when it is bad like in January or February, it is really bad, probably because of the leverage. Leverage is high risk. 7 years into a Bull cycle is not the time you want to play leverage and high risk.

investment companies/funds
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $5.700
Owned: Unknown

2013-08-30

COMMENT
Premium Income Corp. (A) (PIC.A-T)

He would much rather be doing a covered call strategy through ETFs to save money. Also, they are a lot more liquid.

investment companies/funds
John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $5.720
Owned: No

2012-12-24

TOP PICK
Premium Income Corp. (A) (PIC.A-T)

Think of it as a call on the 5 Canadian banks.  14% payout but it won’t continue, runs to 2017.  A cheap way to play it.  Put into a TFSA and enjoy next Christmas.

investment companies/funds
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $5.470
Owned: Yes

2007-03-15

COMMENT
Premium Income Corp. (A) (PIC.A-T)
This is a Covered Writing fund and is designed to generate cash flow. Not designed for growth. The cash flow is taxed as capital gains and dividends. Yield is about 8%.
investment companies/funds
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $11.310
Owned: Unknown

2006-04-03

WAIT
Premium Income Corp. (A) (PIC.A-T)
He is looking at the retail space in Canada and the US. Wants to see companies that are in an uptrend. This one could be an interesting turnaround.
investment companies/funds
Peter Brieger

Chairman & Chief Executive Officer, GlobeInvestment Capital Management

Price: $11.350
Owned: No

2006-02-13

DON'T BUY
Premium Income Corp. (A) (PIC.A-T)
A basket of bank stocks where they write covered calls against the bank stocks. Hasn't done as well as the banks have done. Paying a very good dividend.
investment companies/funds
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $10.890
Owned: Yes

2005-09-19

BUY
Premium Income Corp. (A) (PIC.A-T)
A lot of their revenue comes from the US. One good thing about this company is that since their US acquisition they have a lot more scale and the mergers dshould work out over the longer term. Presumably a stronger Cdn$ can be offset with any debt they have in that area. A good solid company in a good sector.
investment companies/funds
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $10.800
Owned: Unknown

2005-08-03

VAGUE
Premium Income Corp. (A) (PIC.A-T)
Essentially a basket of bank stocks that they own and write covered calls against. Problems that it has run into is that banks have done reasonably well which limits the upside. Premiums are very low, so they are not getting a lot of money. Payout is still intact. A great alternative to a basket of Income Trusts.`
investment companies/funds
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $11.520
Owned: Unknown

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