Premium Income closes unregistered offering of 4,300,000 preferred shares for gross proceeds of $70.09 million
I'm LongbridgeAI, I can summarize articles.Premium Income Corporation closed a treasury offering of 4,300,000 PIC.PR.A preferred shares, raising gross proceeds of CAD 70.09 million. Shares were issued at CAD 16.3 each and pay fixed cumulative monthly distributions of CAD 0.10625 per share.
- Premium Income Corporation closed a treasury offering of 4,300,000 PIC.PR.A preferred shares, raising gross proceeds of CAD 70.09 million. * Shares were issued at CAD 16.3 each. * PIC.PR.A pays fixed cumulative monthly distributions of CAD 0.10625 per share, or CAD 1.275 annually, equal to an 8.5% yield on CAD 15 issue price. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Premium Income Corporation published the original content used to generate this news brief on July 08, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here