Gold Participation and Income Fund

Gold Participation and Income Fund

December 16, 2010 09:00 ET

Gold Participation and Income Fund Declares Estimated Special Year-End Distribution

TORONTO, ONTARIO--(Marketwire - Dec. 16, 2010) - Gold Participation and Income Fund (the "Fund") (TSX:GPF.UN) has declared an estimated special year-end distribution of C$0.70 per unit payable on or before January 15, 2011 to Unitholders of record on December 31, 2010. The distribution is expected to be comprised of $0.15 in cash and $0.55 in Units of the Fund. Units issued pursuant to the special year-end distribution will immediately be consolidated such that the number of issued and outstanding units of the Fund does not change. Unitholders must include the taxable portion of the year-end distribution, in their 2010 income and are reminded to increase the adjusted cost base of their units by the portion of the distribution received as units. The estimated special year-end distribution may change from the amounts noted above based on any additional portfolio transactions or changes in revenue or expense estimates for the remainder of the year.

John Mulvihill, President and CEO Mulvihill Structured Products
David Roode, President, Fund Services  
Aaron Ho, Vice-President, Finance 121 King Street West
  Suite 2600
  Toronto, Ontario, M5H 3T9
  416.681.3966; 1.800.725.7172

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

Contact Information

  • Gold Participation and Income Fund
    Investor Relations
    416.681.3966 or Toll Free at 1.800.725.7172