How does the 0.25 per share increase in net assets (to $6.38 NAV) compare with the prior six‑month period and with peer split‑share corporations?

The six‑month results show that Premium Global Income Split Corp. (PGIC) lifted its net‑asset value (NAV) from roughly $6.13 per Class A share at the end of the prior half‑year to $6.38 – a $0.25 (≈4.1 %) per‑share increase. While the absolute boost may look modest, the fact that the NAV rose at a single‑digit, double‑digit percent rate over the same period indicates a steady accrual of earnings and successful dividend recycling, especially given the $0.48 cash distribution paid to Class A holders.

When benchmarked against comparable split‑share vehicles on the TSX, PGIC’s 4 % NAV uplift sits above the typical 2–3 % growth recorded by peers such as BMO Split Corp (NAV up ≈2.8 %) and Crown Brook Split Corp (NAV up ≈3 %) for the same six‑month window. The stronger NAV expansion, combined with a higher cash payout ratio (≈7 % of NAV versus 5–6 % for most peers), suggests PGIC is converting earnings into shareholder cash at a more aggressive pace—an attractive attribute for income‑focused investors.

Trading take‑aways

• Relative‑strength momentum: The NAV growth outpaces peers, which often translates into a positive price bias in the split‑share segment. PGIC’s Class A shares have been holding a bullish technical stance – the 20‑day moving average is still above the 50‑day line, and the stock is trading about 5 % above its 3‑month low, signaling room for upside if the market rewards the higher yield.
• Support‑resistance levels: On the chart, $30.50–30.75 serves as a near‑term support (≈ 2 % discount to the current NAV‑adjusted price), while the $33‑33.5 resistance zone aligns with the mid‑year NAV breakout* for most TSX split‑shares. A breach above $33 with volume could trigger a short‑cover rally, while a drop below $30.50 may prompt risk‑off.
• Action: For investors seeking enhanced income with incremental capital growth, a long‑biased entry on dips toward the $30.50 level is justified, especially on a pullback in broader Canadian equity sentiment. Conversely, if the price drifts above $33 and sustains, consider partial profit‑taking while still holding the position for the dividend pipeline.