Brief: Premium Income Corporation Announces Overnight Offering

Premium Income

20/08/2019 20:21

Aug 20 (Reuters) - Premium Income Corp  PICa.TO :
    * PREMIUM INCOME CORPORATION ANNOUNCES OVERNIGHT OFFERING
    * UNDERTAKING AN OVERNIGHT TREASURY OFFERING OF PREFERRED
SHARES
AND CLASS A SHARES
    * PREFERRED SHARES WILL BE OFFERED AT AN INDICATIVE PRICE OF
$14.70 PER PREFERRED SHARE TO YIELD 5.97%
    * CLASS A SHARES WILL BE OFFERED AT AN INDICATIVE PRICE OF
$6.10
PER CLASS A SHARE TO YIELD 13.3%

Source text for Eikon:  urn:newsml:reuters.com:*:nCNWQjnlVa
Further company coverage:  PICa.TO 

 ((Reuters.Briefs@thomsonreuters.com;))