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Home CompaniesPremium Income Corporation

Premium Income Corporation

Financial Services Asset Management
PortfolioPortfolio WatchlistWatchlist
Company price
9.8 CAD -0.09 ( 0.91%)
Last update at 2026-11-03T20:50:00Z
VOLUME
10730
Market Cap
61.04M

Momentum Score

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Premium Income Corporation is an equity mutual fund launched and managed by Strathbridge Asset Management Inc. It invests in the public equity markets of Canada. It invests in stocks of companies operating primarily in the banking sector. The fund uses financial derivatives such as call and put options to invest in stocks of Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Toronto Dominion Bank. It seeks to invest in stocks of dividend paying companies. The fund benchmarks the performance of its portfolio against the S&P/TSX Diversified Banks Total Return Index. Premium Income Corporation was formed on August 27, 1996 and is domiciled in Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
9.80
Low
9.95
High
52 Week Price Range
3.15
Low
6.02
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Premium Income Corporation is a TSX-listed closed-end investment company that holds a portfolio of income-generating securities to deliver regular distributions. Long-term growth drivers include income from preferred and fixed-income instruments, active portfolio management, and selective capital appreciation. Investors may find it attractive for diversified exposure to yield-focused assets and a focus on regular payouts.
Principal risks are market and interest-rate sensitivity, credit or concentration risk in portfolio holdings, and risk to the sustainability of distributions.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
9.89
Dividend Yield
18.68%
Revenue TTM
-18.29M
Revenue Per Share
-1.36
Gross Profit TTM
-17.63M
Debt / Equity
-
ROE
-49.23%
Net Debt
-
ROCE
-37.51%
Diluted EPS TTM
-2.52

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31
Type yearly yearly yearly yearly yearly
Date 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31
Income before tax -21.37M 110.06M -45.47M 20.49M -6.97M
Net income -21.37M 110.06M -45.47M 20.49M -6.97M
Selling general administrative 3.44M 0.63M 0.81M 0.66M 0.69M
Gross profit - - - 23.62M -4.03M
Ebit -21.27M 110.16M -45.39M 20.58M -6.89M
Ebitda -22.92M - - - -
Operating income -22.92M - - 20.58M -6.89M
Other operating expenses 0.30M 0.28M 0.24M 0.26M 0.23M
Interest expense - 0.00M 0.00M 0.00M 0.00M
Interest income 0.02M 0.00M 0.03M 0.35M 0.09M
Net interest income 0.02M 0.00M 0.03M 0.35M 0.09M
Income tax expense - - - - 0.00M
Total revenue 41.49M 110.97M -44.42M 21.41M -6.06M
Total operating expenses 64.41M - - 0.92M 0.92M
Cost of revenue - - - - 0.00M
Total other income expense net 1.55M - - -10.41M -8.70M
Net income from continuing ops -21.37M 110.06M -45.47M 20.49M -6.97M
Net income applicable to common shares -32.78M 98.47M -57.07M 10.18M -15.59M
Breakdown 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31
Type yearly yearly yearly yearly yearly
Date 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31
Total assets 256.84M 303.39M 215.50M 278.86M 210.23M
Total liab 200.13M 203.96M 202.74M 202.26M 152.11M
Total stockholder equity 56.71M 99.42M 12.76M 76.60M 58.12M
Other current liab 0.00M 5.86M 0.77M 0.21M 0.00M
Common stock 56.71M 99.42M 12.76M 76.60M 58.12M
Cash 2.56M 3.40M 1.83M 3.27M 1.01M
Total current liabilities 200.13M 203.96M 202.74M 202.26M 152.11M
Total current assets 256.84M 303.39M 215.50M 278.86M 210.23M
Long term investments 249.83M 298.83M 211.94M 274.42M 206.40M
Net tangible assets 56.71M 99.42M 12.76M 76.60M 58.12M
Short term investments - - - 1.61M 14.18M
Net receivables 1.36M 1.16M 1.73M 1.16M 2.82M
Accounts payable - - - 0.00M 1.95M
Non current assets total 252.92M - - - -
Breakdown 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31
Type yearly yearly yearly yearly yearly
Date 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31
Change to liabilities 0.00M 0.00M 0.00M 0.00M 0.00M
Total cash from financing activities -25.16M -21.44M -18.36M 49.73M -31.77M
Change to operating activities -0.02M 0.04M -0.09M -1.80M 1.91M
Net income -32.78M 98.47M -57.07M 10.18M -15.59M
Change in cash -0.84M 1.57M -3.05M -10.30M 14.80M
Begin period cash flow 3.40M 1.83M 4.88M 15.19M 0.39M
End period cash flow 2.56M 3.40M 1.83M 4.88M 15.19M
Total cash from operating activities 24.32M 23.01M 15.31M -60.03M 46.57M
Issuance of capital stock 2.87M 0.03M 0.00M 69.76M -
Dividends paid 22.17M 21.47M 18.36M 20.03M 16.74M
Change to account receivables -0.20M 0.57M -0.57M 1.66M -0.17M
Sale purchase of stock -5.86M - - 0.00M -15.02M
Other cashflows from financing activities - 0.03M -0.00M -0.00M -0.00M
Change to netincome 57.32M -76.06M 73.04M -70.07M 60.41M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital -0.22M 0.61M -0.66M -0.14M 1.75M
Other non cash items 15.67M - - - -
Free cash flow 24.32M 23.01M 15.31M -60.03M 46.57M

Peer Comparison*

Sector: Financial Services Industry: Asset Management

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
PIC-A
Premium Income Corporation		 -0.09
0.91%		 9.80 - - 2.47 1.27 0.76 -1.76
BLK
BlackRock CDR (CAD Hedged)		 -0.17
0.57%		 29.44 25.23 18.90 6.38 2.79 6.35 17.13
BN
Brookfield Corporation		 -0.93
1.60%		 57.02 94.76 11.96 1.84 2.36 4.58 10.80
BAM
Brookfield Asset Management Ltd		 -0.29
0.40%		 71.67 31.22 25.51 22.40 9.70 17.61 25.08
PHYS
Sprott Physical Gold Trust		 -0.23
0.55%		 41.54 3.81 - 3.47 1.06 4.09 0.66

Profile*

Premium Income Corporation

Premium Income Corporation is an equity mutual fund launched and managed by Strathbridge Asset Management Inc. It invests in the public equity markets of Canada. It invests in stocks of companies operating primarily in the banking sector. The fund uses financial derivatives such as call and put options to invest in stocks of Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Toronto Dominion Bank. It seeks to invest in stocks of dividend paying companies. The fund benchmarks the performance of its portfolio against the S&P/TSX Diversified Banks Total Return Index. Premium Income Corporation was formed on August 27, 1996 and is domiciled in Canada.

121 King Street West, Toronto, ON, Canada, M5H 3T9

416-681-3966

https://www.strathbridge.com/overview.aspx?fund_id

Name Title Year Born
Mr. John Paul Mulvihill C.F.A., CFA, O.C. Chairman, Chief Exec. Officer, Pres and Sec. 1948

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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