Dividends

• In the graph that appears on the NTA statement, the dividends appear to fall. How can that be?
• Why didn't PRV pay a dividend for the six months ended 31 December 2008?
• Why is PRV not allowed to pay a dividend?
• What happens to the actual cash received by PRV through dividends and interest while PRV is not permitted to pay dividends to shareholders?

Recent Corporate Activity

• Why did the Board have to call a General meeting?
• Why is the Board seeking approval to undertake an off-market buy-back for a maximum of 65% of the capital of the company?
• What would it mean for PRV and its shareholders if a buy back of 65% did eventuate?
• How will the Company fund the buy-backs?
• If the net asset value is higher than the current price, wouldn’t it be better for everyone if PRV shareholders just sat back and waited for the market price to recover?

Shareholder Information

• Why don’t I seem to receive my Notices to Shareholders and other correspondence?

The Board

• How are the Directors of Premium selected?
• Why doesn’t the Board of Premium hold more shares in the Company?

Financial

• Why is the share price different to the NTA per share?
• Why does there seem to be a significant change in the Company’s financial ratios from the 2006 Financial Year to the 2007 Financial Year?

Investment Management

• Why does Premium have multiple Investment Managers?
• Does having multiple managers add to the cost of investment management?
• How are the investment managers remunerated?

Reporting

• Why does Premium report portfolio details on a quarterly basis?

Net Tangible Asset Backing

• How can the post-tax NTA be higher than the pre-tax NTA?