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  5. PIC.A: There are proposed changes with PIC could you clarify the ongoing business. [Premium Income Corporation Class A Shares]
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Q: There are proposed changes with PIC could you clarify the ongoing business. financials for this year and upcoming events.Use as many credits Tks 5i
Asked by Guy on October 10, 2024
5i Research Answer:

PIC.A, as a mutual fund, does not really have financials in the typical sense. Its assets are securities of public companies. It reports profit/loss/fees but from an evaluation basis its holdings are what counts. The fund is up 6.7% this year, and 41.88% over 52 weeks. 5-year return is just 6.11%. Indicated yield is 17.90% (it uses leverage). We have no issues with its securities holdings, but with its small size, risk and historical performance we cannot endorse it.