Mulvihill Premium Global Telecom

Mulvihill Premium Global Telecom
Mulvihill Capital Management Inc.

Mulvihill Capital Management Inc.

March 02, 2005 16:03 ET

Mulvihill Premium Global Telecom: Declares Quarterly Dividend


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MULVIHILL PREMIUM GLOBAL TELECOM

TSX SYMBOL: GT.A
TSX SYMBOL: GT.PR.A

MARCH 2, 2005 - 16:03 ET

Mulvihill Premium Global Telecom: Declares Quarterly
Dividend

TORONTO, ONTARIO--(CCNMatthews - March 2, 2005) - Mulvihill Premium
Global Telecom (the "Fund") (TSX:GT.A)(TSX:GT.PR.A)has declared its
quarterly dividend of $0.20625 on each of its Preferred Shares payable
March 31, 2005 to shareholders of record as of March 15, 2005. The
dividends on the Class A shares continue to be suspended until such time
as the value of the underlying portfolio and coverage on the Preferred
Shares improves.

The Fund is a mutual fund corporation, which invests its net assets in a
diversified portfolio consisting principally of common shares issued by
corporations within the Fund's Global Telecom Universe. 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
GT.PR.A and GT.A.



----------------------------------------------------------
Distribution Details :
----------------------------------------------------------
Dividend per Preferred Share: $0.20625
Dividend per Class A Share: $nil
Payable Date: March 31, 2005
Record Date: March 15, 2005
Ex-Dividend Date: March 11, 2005
----------------------------------------------------------



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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Mulvihill Structured Products
    John Mulvihill
    President & CEO
    (416) 681-3966 or (800) 725-7172
    or
    Mulvihill Structured Products
    Bruce Graham
    Vice President
    (416) 681-3966 or (800) 725-7172
    hybrid@mulvihill.com
    www.mulvihill.com
    A member of the Mulvihill Capital Management Inc. Group of Funds