Government Strip Bond Trust

Government Strip Bond Trust

August 24, 2007 09:01 ET

Government Strip Bond Trust Announces Semi-Annual Results

TORONTO, ONTARIO--(Marketwire - Aug. 24, 2007) - Government Strip Bond Trust (TSX:GSB.UN) (the "Trust") announces results for six months ended June 30, 2007. Net realized income before distributions amounted to $2.1 million or $0.43 per unit. Net assets were $102.8 million or $21.09 per unit.

The Fund's investment objective is to return at least $25.75 per unit to unitholders upon termination of the Fund on December 31, 2012. The Fund intends to achieve its investment objectives by investing in a portfolio of Zero Coupon Bonds and also hold cash and cash equivalents in an amount sufficient to cover all costs and expenses of the Trust until the Termination Date.

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 GSB.UN.

Selected Financial Information: ($ Millions)

Statement of Financial Operations
for the six months ended June 30, 2007

Revenue $2.6
Net Realized Gains 0.0

Less: Expenses (0.5)

Net Realized Income Before Distributions $2.1


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

Contact Information

  • Mulvihill Structured Products
    John Mulvihill
    President & CEO
    (416) 681-3966 or 1-800-725-7172
    Mulvihill Structured Products
    Don Biggs
    Senior Vice President
    (416) 681-3966 or 1-800-725-7172