Premium Income Corporation Announces Year End Results

Premium Income Corporation Announces Year End Results 
TORONTO, ONTARIO -- (Marketwire) -- 12/20/12 -- Premium Income
Corporation (TSX:PIC.A)(TSX:PIC.PR.A) today announces results for the
year ended October 31, 2012. Net investment income before
distributions amounted to $6.3 million or $0.66 per Unit. Each Unit
consists of one Class A share and one Preferred Share. Distributions
to shareholders amounted to $0.86 per Preferred share, and $0.81 per
Class A share. 
Premium Income Corporation is a mutual fund corporation, which
invests in the common shares of Bank of Montreal, The Bank of Nova
Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and
the Toronto Dominion Bank. The Fund employs a proprietary investment
strategy, Strathbridge Selective Overwriting, to enhance the income
generated by the Portfolio and to reduce volatility. In addition, the
Fund may write cash covered put options in respect of securities in
which it is permitted to invest. 


 
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Selected Financial Information: ($ Millions)        
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Statement of Financial Position                2012 
                                        ----------- 
                                        ----------- 
Assets                                   $    197.8 
Liabilities                                   145.2 
                                        ----------- 
                                                    
Equity                                   $     52.6 
                                                    
Statement of Operations                             
Revenue                                  $      8.7 
Expenses                                       (2.4)
Preferred Share Distributions                  (8.2)
                                        ----------- 
Net Investment Loss                            (1.9)
Net Gain on Investments                         7.1 
                                        ----------- 
Net Income                                      5.2 
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For further information, please contact Investor Relations at
416.681.3966, toll free at 1.800.725.7172 or visit
www.strathbridge.com. 
Commissions, trailing commissions, management fees and expenses all
may be associated with investment funds. Please read the prospectus
before investing. Investment funds are not guaranteed, their values
change frequently and past performance may not be repeated.
Contacts:
Strathbridge Asset Management Inc.
Aaron Ho
Vice-President, Finance
416.681.3966; 1.800.725.7172 
Strathbridge Asset Management Inc.
121 King Street West, Suite 2600
Toronto, Ontario, M5H 3T9
416.681.3966; 1.800.725.7172
info@strathbridge.com
www.strathbridge.com