PYF.TO - Purpose Premium Yield Fund Stock Price & Dividend Safety Sector: Financial Services | Exchange: Toronto Stock Exchange Current Price & Safety Score Price: 16.52 CAD StockBonds Safety Grade: Altman Z-Score (Bankruptcy Risk): 0.00 StockBond Score: -4.40 Company Description This fund aims to deliver significant monthly income and achieve longterm capital appreciation Its core strategy involves investing in global equities utilizing a multifaceted options approach This includes writing cashcovered put options to reduce the net cost of acquiring securities while generating premiums and directly investing in stocks while simultaneously selling call options on those holdings to earn both dividends and additional premiums To further enhance its investment objectives the fund may strategically deploy derivatives and it also retains the flexibility to engage in short selling or securities lending activities for supplementary income The entire portfolio undergoes a comprehensive reconstitution and rebalancing process each quarter