Mr. John Germain reports

PREMIUM INCOME CORPORATION ANNOUNCES QUARTERLY DISTRIBUTION

Premium Income Corp. has declared quarterly distributions payable on April 30, 2020, to shareholders of record on April 15, 2020, in the amounts per share shown in the attached table.

Share class              Ticker       Amount per share
                                          
Class A shares            PIC.A               $0.10000
Preferred shares       PIC.PR.A              $0.215625                                       

To the extent that any portion of the distributions are ordinary taxable dividends and not capital gains dividends, they will be eligible dividends.