Mulvihill Premium U.S.

Mulvihill Premium U.S.
Mulvihill Capital Management Inc.

Mulvihill Capital Management Inc.

March 02, 2005 16:03 ET

Mulvihill Premium U.S.: Declares Quarterly Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MULVIHILL PREMIUM U.S.

TSX SYMBOL: FPU.UN

MARCH 2, 2005 - 16:03 ET

Mulvihill Premium U.S.: Declares Quarterly Distribution

TORONTO, ONTARIO--(CCNMatthews - March 2, 2005) - Mulvihill Premium U.S.
(TSX:FPU.UN) (the "Fund") has declared its quarterly distribution to
C$0.40 per Unit payable March 31, 2005 to unitholders of record as of
March 15, 2005.

The Fund invests in a diversified portfolio consisting primarily of
common shares issued by corporations that rank in the top 50 of the
Standard and Poors 100 Index on the basis of market capitalization. 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.

Unitholders of Mulvihill Premium U.S. may elect to have their
distributions reinvested into additional units by enrolling in the
Fund's Distribution Reinvestment Plan. Unitholders may enroll in the
Plan by contacting their investment advisor.

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 FPU.UN.



---------------------------------------------------------------------
Distribution Details :
---------------------------------------------------------------------
Distribution per Unit: $0.40
Payable Date: March 31, 2005
Record Date: March 15, 2005
Ex-Dividend Date: March 11, 2005
---------------------------------------------------------------------


-30-

Contact Information

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