TORONTO, ONTARIO--(Marketwired - Dec. 16, 2015) - Premium Income Corporation (TSX:PIC.A)(TSX:PIC.PR.A) today announces results of operations for the fiscal year ended October 31, 2015. Decrease in net assets attributable to holders of Class A shares amounted to $21.0 million or $1.97 per Class A share. Net assets attributable to holders of Class A shares were $61.7 million or $5.79 per Class A share. Cash distributions of $0.86 per Preferred share and $0.81 per Class A share were paid during the year.

Premium Income Corporation is a mutual fund corporation, which invests primarily in the common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, 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.

The investment portfolio of the Fund is managed by its investment manager, Strathbridge Asset Management Inc. The Fund's Preferred and Class A shares are listed on the Toronto Stock Exchange under the symbols PIC.PR.A and PIC.A respectively.

Selected Financial Information: ($ Millions)
Statement of Financial Position 2015
Assets $ 223.8
Liabilities 162.1
Net Assets Attributable to
Holders of Class A Shares $ 61.7
Statement of Comprehensive Income
Income $ (8.8 )
Expenses (3.0 )
Operating Loss (11.8 )
Preferred Share Distributions (9.2 )
Decrease in Net Assets Attributable
To Holders of Class A Shares $ (21.0 )

For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit

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.

Contact Information:

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