Mulvihill Premium Canadian Bank

Mulvihill Premium Canadian Bank

October 02, 2007 16:03 ET

Mulvihill Premium Canadian Bank: Special Distribution, Quarterly Distributions Declared

TORONTO, ONTARIO--(Marketwire - Oct. 2, 2007) - Mulvihill Premium Canadian Bank (the "Fund")(TSX:PIC.A)(TSX:PIC.PR.A) has declared its quarterly distribution of $0.215625 on each of its Preferred Shares and $0.20 on each of its Class A shares, payable October 31, 2007 to shareholders of record as of October 15, 2007. In addition, the Fund has declared a special distribution on each of its Class A shares of $0.10 payable on the same date for a total Distribution of $0.30 to Class A shareholders. The amount of the distribution may be subject to minor adjustment. To the extent that any portion of the distributions are ordinary taxable Distributions and not capital gains Distributions, they will be eligible Distributions.

Mulvihill Premium Canadian Bank is a mutual fund corporation which invests in the common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and The Toronto-Dominion Bank. To generate additional returns above the dividend income earned on the Portfolio, the Fund may from time to time, write covered call options in respect of all or part of the common shares in the Portfolio. In addition, the Fund may write cash covered put options in respect of securities in which the Fund is permitted to invest.

The Fund's investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. The Fund's Preferred and Class A shares are listed on The Toronto Stock Exchange under the symbols PIC.PR.A and PIC.A.

Distribution Details :

Distribution per Preferred Share: $0.215625
Regular Distribution per Class A Share: $0.20
Special Distribution per Class A Share: $0.10
Payable Date: October 31, 2007
Record Date: October 15, 2007
Ex-Dividend Date: October 11, 2007


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

Contact Information

  • Mulvihill Structured Products
    John Mulvihill
    President & CEO
    (416) 681-3966 or 1-800-725-7172
    Mulvihill Structured Products
    Don Biggs
    Senior Vice President
    (416) 681-3966 or 1-800-725-7172