Gold Participation and Income Fund
TSX : GPF.UN

Gold Participation and Income Fund

September 20, 2011 11:03 ET

Gold Participation and Income Fund Announces Closing of Warrant Offering

TORONTO, ONTARIO--(Marketwire - Sept. 20, 2011) - Mulvihill Fund Services Inc. is pleased to announce the closing of its warrant offering with the issuance of 1.05 million units of the Gold Participation and Income Fund (TSX:GPF.UN) for total gross proceeds of $13.6 million.

The net proceeds of the warrants offering will provide the fund with additional capital that can be used to take advantage of attractive investment opportunities in the gold sector. The completion of the warrant offering is also expected to increase the trading liquidity of the units and reduce the ongoing management expense ratio of the fund.

The warrant offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from Mulvihill Capital Management Inc. at the address, phone numbers, website and e-mail address set forth above and are also available electronically at www.sedar.com. Investors should read the prospectus before making an investment decision.

A fund may pay investment management fees, service fees, management fees and other expenses. For further information, please refer to the fund's publicly-filed documents, which are available on SEDAR at www.sedar.com. The securities of investment funds are not guaranteed, their values change frequently and their past performance may not be repeated.

For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit www.mulvihill.com.

A member of the Mulvihill Capital Management Inc. Group of Funds.

Contact Information

  • Mulvihill Structured Products
    John Mulvihill
    President and CEO
    (416) 681-3966 or (800) 725-7172

    Mulvihill Structured Products
    David Roode
    President, Fund Services
    (416) 681-3966 or (800) 725-7172

    Mulvihill Structured Products
    121 King Street West, Suite 2600
    Toronto, Ontario, M5H 3T9
    416.681.3966 or 1.800.725.7172
    info@mulvihill.com
    www.mulvihill.com