Premium Income Corporation Announces Normal Course Issuer Bid
19 Janeiro 2012 - 4:33PM
Marketwired
Premium Income Corporation (TSX:PIC.A) (TSX:PIC.PR.A) (the "Fund")
has filed a Notice of Intention to renew its previous normal course
issuer bid to purchase up to 951,755 Class A Shares and 951,755
Preferred Shares representing approximately 10% of the public float
of 9,517,553 Class A Shares and 9,517,553 Preferred Shares, as of
January 10, 2012. The Fund may purchase up to 190,351 of each
respective class of shares in any 30 day period which is 2% of the
9,517,553 shares issued and outstanding of each respective class as
at January 10, 2012.
The Fund has not purchased any Class A Shares or Preferred
Shares during the previous year pursuant to any issuer bid.
The shares may be purchased for cancellation from January 23,
2012 to January 22, 2013 through the facilities of the TSX or other
eligible alternative market and may only be purchased at a price
per share not exceeding the last net asset value per share. The
Directors of the Fund believe that such purchases are in the best
interest of the Fund and are a desirable use of its available
funds.
For further information, please contact Investor Relations at
416.681.3966, toll free at 1.800.725.7172 or visit
www.strathbridge.com.
Contacts: David Roode President, Fund Services 416.681.3940
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