Government Strip Bond Trust

Government Strip Bond Trust

August 20, 2010 09:27 ET

Government Strip Bond Trust Announces Semi-Annual Results

TORONTO, ONTARIO--(Marketwire - Aug. 20, 2010) - Government Strip Bond Trust (the "Fund") (TSX:GSB.UN) announces results for six months ended June 30, 2010. Net realized income amounted to $1.9 million or $0.90 per unit. Net assets were $55.4 million or $25.39 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 objective 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 Fund 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.

Selected Financial Information: ($ Millions)    
Statement of Financial Operations    
for the six months ended June 30,    
Revenue $1.1  
Net Realized Gain on Investments 1.1  
Less: Expenses (0.3 )
Net Realized Income $1.9  

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

Contact Information

  • Government Strip Bond Trust
    Investor Relations
    416.681.3966 or Toll Free: 1.800.725.7172