Mulvihill Premium Oil & Gas

Mulvihill Premium Oil & Gas

June 06, 2006 16:12 ET

Mulvihill Premium Oil & Gas Declares Quarterly Distribution

TORONTO, ONTARIO--(CCNMatthews - June 6, 2006) - Mulvihill Premium Oil & Gas (the "Fund")(TSX:FPG.UN) has declared its quarterly distribution of C$0.1875 per unit payable June 30, 2006 to unitholders of record as of June 15, 2006.

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.

Distribution Details :

Distribution per Unit: $0.1875
Payable Date: June 30, 2006
Record Date: June 15, 2006
Ex-Dividend Date: June 13, 2006


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

Contact Information

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