TORONTO, ONTARIO--(Marketwire - Nov. 5, 2012) - Premium Income Corporation (TSX:PIC.A)(TSX:PIC.PR.A) (the "Fund") is pleased to announce that it has filed a final short form prospectus relating to an offering of rights ("Rights") to holders ("Shareholders") of its class A shares ("Class A Shares") and preferred shares ("Preferred Shares"). Each Shareholder of record on November 13, 2012 will receive one Right for each Class A Share or Preferred Share held.