Mulvihill World Financial Split Corp.

Mulvihill World Financial Split Corp.
Mulvihill Capital Management Inc.

Mulvihill Capital Management Inc.

March 02, 2005 16:03 ET

World Financial Split Corp. Declares Quarterly Dividend


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MULVIHILL WORLD FINANCIAL SPLIT CORP.

TSX SYMBOL: WFS
TSX SYMBOL: WFS.PR.A

MARCH 2, 2005 - 16:03 ET

World Financial Split Corp. Declares Quarterly Dividend

TORONTO, ONTARIO--(CCNMatthews - March 2, 2005) - World Financial Split
Corp. (the "Fund") (TSX:WFS)(TSX:WFS.PR.A) has declared its quarterly
dividend of $0.13125 on each of its Preferred Shares and $0.30 on each
of its Class A Shares payable March 31, 2005 to shareholders of record
as of March 15, 2005.

The Fund is a mutual fund corporation which invests in a portfolio that
includes common equity securities selected from the ten largest
financial services companies by market capitalization in each of Canada,
the United States and the Rest of the World (the "Portfolio Universe").
In addition, the issuers of securities in the Portfolio, other than
Canadian issuers, must have a minimum credit rating of "A" from Standard
& Poor's Rating Services or a comparable rating from an equivalent
rating agency.

In addition, up to 20% of the Net Asset Value of the Fund may be
invested in common equity securities of financial services companies not
included in the Portfolio Universe as long as such companies have a
market capitalization at the time of investment of at least US$10
billion and for non-Canadian issuers, a minimum credit rating of "A"
from S&P or a comparable rating from an equivalent rating agency.

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
WFS.PR.A and WFS.



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Distribution Details:
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Dividend per Preferred Share: $0.13125
Dividend per Class A Share: $0.30
Payable Date: March 31, 2005
Record Date: March 15, 2005
Ex-Dividend Date: March 11, 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