TORONTO, ONTARIO--(Marketwire - June 19, 2012) - Premium Income Corporation (TSX:PIC.A)(TSX:PIC.PR.A) today announces results for the six months ended April 30, 2012. Net investment income before distributions amounted to $3.1 million or $0.33 per Unit. Net asset value per Class A share was $6.38 as at April 30, 2012. Distributions to shareholders for the period amounted to $4.1 million to Preferred shareholders or $0.43 per Preferred share, and $3.9 million to Class A shareholders or $0.41 per Class A share. Each unit consists of one Class A share and one Preferred Share.

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

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

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.

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