Mulvihill Summit Digital World

Mulvihill Summit Digital World
Mulvihill Capital Management Inc.

Mulvihill Capital Management Inc.

April 26, 2005 16:03 ET

Mulvihill Summit Digital World Fund Announces Normal Course Issuer Bid


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MULVIHILL SUMMIT DIGITAL WORLD

TSX SYMBOL: DWT.UN

APRIL 26, 2005 - 16:03 ET

Mulvihill Summit Digital World Fund Announces Normal
Course Issuer Bid

TORONTO, ONTARIO--(CCNMatthews - April 26, 2005) - Mulvihill Summit
Digital World (the "Fund") (TSX:DWT.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 489,360 units (representing approximately 10%
of the Fund's public float) commencing April 28, 2005. There are
currently 4,925,609 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 DWT.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