Mulvihill Premium Split Share

Mulvihill Premium Split Share

October 04, 2005 16:03 ET

Mulvihill Premium Split Share: Quarterly Dividend Declared

TORONTO, ONTARIO--(CCNMatthews - Oct. 4, 2005) - Mulvihill Premium Split Share (TSX:MUH.A)(TSX:MUH.PR.A) (the "Fund") has declared its quarterly dividend of $0.215404 on each of its Preferred Shares and $0.30 on each of its Class A shares, payable October 31, 2005 to shareholders of record as of October 17, 2005. The amount of the dividend may be subject to minor adjustment.

The Fund is a mutual fund corporation, which invests its net assets in a diversified portfolio consisting principally of common shares, issued by some or all of a group selected from the TSX 300 Index. In order to meet its investment objectives, the Fund may, from time to time invest up to 20% of the cost amount of its assets in common shares issued by corporations selected from the Standard & Poors 100 Index. 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 MUH.PR.A and MUH.A.

Distribution Details:
Dividend per Preferred Share: $0.215404
Regular Dividend per Class A Share: $0.30
Payable Date: October 31, 2005
Record Date: October 17, 2005
Ex-Dividend Date: October 13, 2005

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
    Vice President
    (416) 681-3966 or (800) 725-7172