Mulvihill Pro-AMS 100 Plus U.S.

Mulvihill Pro-AMS 100 Plus U.S.
Mulvihill Capital Management Inc.

Mulvihill Capital Management Inc.

January 04, 2005 16:03 ET

Mulvihill Pro-AMS 100 Plus 'US$' Declares Monthly Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MULVIHILL PRO-AMS 100 PLUS U.S.

TSX SYMBOL: PRU.U

JANUARY 4, 2005 - 16:03 ET

Mulvihill Pro-AMS 100 Plus 'US$' Declares Monthly
Distribution

TORONTO, ONTARIO--(CCNMatthews - Jan. 4, 2005) - Mulvihill Pro-AMS 100
Plus (US$) (TSX:PRU.U) (the "Fund") has declared its monthly
distribution of US$0.06 per unit payable January 31, 2005 to unitholders
of record as of January 17, 2005.

Mulvihill Pro-AMS 100 Plus (US$) was launched in November, 2001 with
three investment objectives: (1) to return at a minimum the original
issue price of the units (US $20.00) to unitholders upon termination of
the Fund; (2) to provide unitholders with monthly distributions; and (3)
to preserve the value of the Fund's Managed Portfolio.

The forward purchase and sale agreement remains in force with Royal Bank
of Canada ("RBC") pursuant to which RBC will agree to pay to the Fund an
amount equal to the original issue price of US$20.00 for each Unit
outstanding on the Termination Date on December 30, 2016 in exchange for
the Fund agreeing to deliver to RBC equity securities known as the Fixed
Portfolio. The Managed Portfolio consists principally of equity
securities (including common shares and ADRs) that are listed on a major
North American stock exchange or market with an emphasis on the top 100
in each category by market capitalization of ADRs, U.S. equities and
Canadian equities. In addition, the issuers of such securities must have
a market capitalization in excess of U.S. $5.0 billion if listed solely
in the United States or a market capitalization in excess of C$1.0
billion if listed in Canada.

The Fund may from time to time, write covered call options in respect of
all or part of the securities in the Managed 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 PRU.U.



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Distribution Details :
---------------------------------------------------------

Distribution per Unit: US$0.06
Payable Date: January 31, 2005
Record Date: January 17, 2005
Ex-Dividend Date: January 13, 2005
---------------------------------------------------------


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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