Government Strip Bond Trust
TSX : GSB.UN

Government Strip Bond Trust

August 26, 2009 09:00 ET

Government Strip Bond Trust Announces Semi-Annual Results

TORONTO, ONTARIO--(Marketwire - Aug. 26, 2009) - Government Strip Bond Trust (the "Trust") (TSX:GSB.UN) announces results for six months ended June 30, 2009. Net realized income amounted to $2.4 million or $0.80 per unit. Net assets were $73.3 million or $24.66 per unit.

The Fund's investment objective is to return at least $25.75 per unit to unitholders upon termination of the Fund on December 31, 2012. The Fund intends to achieve its investment objectives by investing in a portfolio of Zero Coupon Bonds and also hold cash and cash equivalents in an amount sufficient to cover all costs and expenses of the Trust until the Termination Date.

The Fund's investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. Fund Units are listed on The Toronto Stock Exchange under the symbol GSB.UN.



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Selected Financial Information: ($ Millions)
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Statement of Financial Operations
for the six months ended June 30, 2009
(Unaudited)

Revenue $ 1.5
Net Realized Gain on Investments 1.2
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2.7

Less: Expenses (0.3)
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Net Realized Income $ 2.4

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A member of the Mulvihill Capital Management Inc. Group of Funds.

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