Mulvihill Premium Oil & Gas

Mulvihill Premium Oil & Gas
Mulvihill Capital Management Inc.

Mulvihill Capital Management Inc.

March 02, 2005 16:03 ET

Mulvihill Premium Oil & Gas Declares Quarterly Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MULVIHILL PREMIUM OIL & GAS

TSX SYMBOL: FPG.UN

MARCH 2, 2005 - 16:03 ET

Mulvihill Premium Oil & Gas Declares Quarterly
Distribution

TORONTO, ONTARIO--(CCNMatthews - March 2, 2005) - Mulvihill Premium Oil
& Gas (the "Fund") (TSX:FPG.UN) has declared its quarterly distribution
of C$0.1875 per Unit payable March 31, 2005 to unitholders of record as
of March 15, 2005.

The Fund's investment objectives are to provide Unitholders with a
stable stream of quarterly distributions of at least C$0.1875 per Unit.
The Fund achieves its investment objectives by investing in a
diversified portfolio consisting primarily of common shares issued by
corporations that are included in the TSX 300 Oil & Gas Sub-Index and up
to 20% of the cost amount of its assets in common shares issued by
corporations that are included in the Standard & Poor's 500 Oil & Gas
Sub-Index.

In order to generate returns above the dividend income generated by the
portfolio, the Fund may write covered call options in respect of all or
part of the securities 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. Fund Units are listed on The Toronto
Stock Exchange under the symbol FPG.UN.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Mulvihill Structured Products
    John Mulvihill
    President & CEO
    (416) 681-3966 or toll free 1 (800) 725-7172
    or
    Mulvihill Structured Products
    Bruce Graham
    Vice President
    (416) 681-3966 or toll free 1 (800) 725-7172
    www.mulvihill.com
    hybrid@mulvihill.com
    A member of the Mulvihill Capital Management Inc. Group of Funds