Premium Income Corporation Announces Quarterly Distribution

TORONTO, ONTARIO--(Marketwire - July 4, 2011) - Premium Income Corporation (TSX:PIC.A)(TSX:PIC.PR.A) has declared quarterly distributions payable on July 29, 2011 to shareholders of record on July 15, 2011, ex-dividend date of July 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.