Premium Income Corporation Announces Quarterly Distribution

TORONTO, ONTARIO--(Marketwire - April 5, 2011) - Premium Income Corporation (TSX:PIC.A)(TSX:PIC.PR.A) has declared quarterly distributions payable on April 29, 2011 to shareholders of record on April 15, 2011, ex-dividend date of April 13, 2011, in the following amounts per share:

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

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

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