Premium Global Income Split Fund raises $30 million in overnight share offering

  • Premium Global Income Split Fund announced a successful overnight offering of Preferred and Class A Shares.
  • The offering comprised 3,322,593 shares and generated gross proceeds of approximately $30,001,099.95.
  • Closing is expected on or about September 18, 2026, subject to conditions including TSX approval, while the shares continue trading under PGIC.PR.A and PGIC.

Premium Global Income Split Fund announced a successful overnight treasury offering of 1,734,600 Preferred Shares and 1,587,993 Class A Shares for gross proceeds of approximately $30,001,099.95. The Preferred Shares were offered at $10.75 each, representing a 7.0% offering yield, while the Class A Shares were offered at $7.15 each, representing a 13.4% offering yield. Closing is expected on or about September 18, 2026, subject to conditions including Toronto Stock Exchange approval. The shares will continue trading on the TSX under PGIC.PR.A and PGIC, respectively. The fund invests mainly in actively selected large-capitalization global equities and uses covered calls and, where permitted, cash-covered puts to enhance income and reduce volatility. It may invest up to 100% of net assets in other public investment funds and may hedge foreign-currency exposure against the Canadian dollar.

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