BMO Dorsey Wright MLP Index Exchange Traded Notes
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Based in Canada
Company profile

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets. The P&C business includes two retail and business banking operating segments, such as Canadian Personal and Commercial Banking (Canadian P&C), and the United States Personal and Commercial Banking (U.S. P&C). The Bank's Wealth Management business serves a range of client segments, from mainstream to ultra-high net worth and institutional, with an offering of wealth management products and services, including insurance. BMO Capital Markets is a North American-based financial services provider offering a range of products and services to corporate, institutional and government clients. The Bank has over 900 bank branches in Canada and the United States.

Price
Delayed
$30.81
Day's Change
0.58 (1.92%)
Bid
--
Ask
--
B/A Size
--
Day's High
30.81
Day's Low
30.66
Volume
(Above Average)

Today's volume of 400 shares is on pace to be greater than BMLP's 10-day average volume of 859 shares.

400

Premium Income Corporation Announces Semi-Annual Results

4:01 pm ET June 19, 2020 (Globe Newswire) Print

(TSX: PIC.A; PIC.PR.A) Premium Income Corporation (the "Fund") announces results of operations for the six months ended April 30, 2020. Decrease in net assets attributable to holders of Class A shares amounted to $67.0 million or $4.98 per Class A share. Net assets attributable to holders of Class A shares as at April 30, 2020 were $5.5 million or $0.41 per Class A share. Cash distributions of $0.43 per Preferred share and $0.30 per Class A share were paid during the period.

Premium Income Corporation is a mutual fund corporation, which invests in a portfolio consisting principally of 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 Toronto Stock Exchange under the symbols PIC.PR.A and PIC.A respectively.

Selected Financial Information: ($ Millions)
Statement of Comprehensive Income
For the Six Months ended April 20, 2020 (Unaudited)
Loss (including Net Loss on Investments)                         $ (59.6 )
Expenses                                                           (1.6  )
Operating Loss                                                   $ (61.2 )
Preferred Share Distribution                                     $ (5.8  )
Decrease in Net Assets Attributable to Holders of Class A Shares $ (67.0 )

For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit www.strathbridge.com.

John Germain, Senior Vice-President & CFO Strathbridge Asset Management Inc.
                                          121 King Street West
                                          Suite 2600
                                          Toronto, Ontario, M5H 3T9
                                          416.681.3966; 1.800.725.7172

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.

https://ml.globenewswire.com/media/22055e2e-8c60-4e5a-9842-0d9461741275/small/premium-logo-jpg.jpg

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