Mulvihill Premium U.S.

Mulvihill Premium U.S.
Mulvihill Capital Management Inc.

Mulvihill Capital Management Inc.

April 26, 2005 16:03 ET

Mulvihill Premium U.S. Fund Announces Normal Course Issuer Bid


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MULVIHILL PREMIUM U.S.

TSX SYMBOL: FPU.UN

APRIL 26, 2005 - 16:03 ET

Mulvihill Premium U.S. Fund Announces Normal Course
Issuer Bid

TORONTO, ONTARIO--(CCNMatthews - April 26, 2005) - Mulvihill Premium
U.S. (the "Fund") (TSX:FPU.UN) announced today that the Toronto Stock
Exchange has accepted the Fund's Notice of Intention to make a normal
course issuer bid. The Fund will have the right to purchase under the
bid up to a maximum of 792,671 units (representing approximately 10% of
the Fund's public float) commencing April 28, 2005. There are currently
7,963,114 units of the Fund issued and outstanding. Purchases made
pursuant to the normal course issuer bid will be made in the open market
through the facilities of the Toronto Stock Exchange. The normal course
issuer bid will remain in effect until the earlier of April 27, 2006,
the termination of the bid by the Fund or the Fund purchasing the
maximum number of units permitted under the bid. Units purchased by the
Fund pursuant to the issuer bid will be cancelled. The Fund has not
purchased any units during the previous year pursuant to any issuer bid.

Management and directors of the manager of the Fund, Mulvihill Fund
Services Inc., believe that units of the Fund may become available
during the proposed purchase period at prices, which would make such
purchases in the best interests of the Fund.

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.

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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