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.
Research context
Premium Income Corporation appears in PyInvesting’s Toronto Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- CAD
- Sector
- Financial Services
- Industry
- Asset Management
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5 years, 6 months ago
Premium Income Corporation is currently in a long term downtrend where the price is trading 26.2% below its 200 day moving average.
From a valuation standpoint, the stock is 90.9% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 2.5.
Premium Income Corporation's total revenue sank by 0.0% to $4M since the same quarter in the previous year.
Its net income has dropped by 0.0% to $22K since the same quarter in the previous year.
Finally, its free cash flow grew by 103.5% to $826K since the same quarter in the previous year.
Based on the above factors, Premium Income Corporation gets an overall score of 2/5.