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Premium Income Corporation Announces Class A Share Split

By The Northwire Desk — AI Analysis Jun 23, 2026 · 08:31 PIC · 16.65 NaN
PIC · Price

Executive Summary

  • Premium Income Corporation announces a 20-for-100 share split of its Class A shares, pending Toronto Stock Exchange approval.
  • The split is expected to increase the total dollar amount of distributions to Class A shareholders by approximately 20%.
  • Trading will commence on an ex-split basis on June 29, 2026, with the net asset value impact reflected by July 9, 2026.

Key Details

  • Split Ratio: Holders of record will receive 20 additional Class A shares for every 100 Class A shares held.
  • Record Date: Close of business on June 29, 2026.
  • Ex-Split Trading Commencement: Opening of trading on June 29, 2026.
  • Regulatory Condition: Subject to approval by the Toronto Stock Exchange (TSX).
  • Distribution Impact: Total dollar amount of distributions expected to increase by approximately 20%.
  • Fractional Shares: No fractional Class A shares will be issued; share entitlements will be rounded down to the nearest whole number.
  • Tax Status: The share split is a non-taxable event.
  • NAV Impact Date: The impact will be reflected in the net asset value per Class A share as of July 9, 2026.
  • Contact Information: Investor Relations at 416.681.3966, toll-free 1.800.725.7172, email [email protected], or www.mulvihill.com.
Read the original news release →

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