Premium Income Corporation Announces Daily NAV During Rights Offering

Premium Income Corporation (the "Fund")(TSX:PIC.A)(TSX:PIC.PR.A)(TSX:PIC.RT) is
pleased to announce that beginning Monday December 3, 2012 through Tuesday
December 11, 2012 the Fund will be calculating and publishing on its website, a
daily Net Asset Value per share with respect to its Class A Shares and Preferred
Shares. This is being done to assist shareholders in making a fully informed
investment decision regarding the exercise of Rights recently issued and which
expire on December 11, 2012. 


Under the Rights offering two Rights entitle the holder to acquire one Class A
Share and one Preferred Share upon payment of the subscription price of $20.88
prior to the expiry date of December 11, 2012. Any Rights not exercised by
December 11, 2012 will expire and be of no value. To exercise Rights holders
should contact their advisors or dealers. Please note that some dealers may have
an earlier deadline in order to process the exercise request.


After the expiry of the Rights on December 11, 2012 the Fund will revert to
calculate its Net Asset Value on a weekly basis. 


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



FOR FURTHER INFORMATION PLEASE CONTACT: 
Strathbridge Asset Management Inc.
David Roode
President, Fund Services
416.681.3966 or 1.800.725.7172


Strathbridge Asset Management Inc.
121 King Street West, Suite 2600
Toronto, Ontario, M5H 3T9
416.681.3966 or 1.800.725.7172
[e-mail]
www.strathbridge.com