Government Strip Bond Trust
TSX : GSB.UN

Government Strip Bond Trust

March 29, 2011 09:15 ET

Government Strip Bond Trust Announces Year End Results

TORONTO, ONTARIO--(Marketwire - March 29, 2011) - Government Strip Bond Trust (TSX:GSB.UN) (the "Fund") announces results for the year ended December 31, 2010. The net increase in net assets from operations amounted to $1.2 million or $0.56 per unit. Net assets were $41.8 million or $25.62 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 achieves its investment objectives by investing in a portfolio of Zero Coupon Bonds and also holds cash and cash equivalents in an amount sufficient to cover all costs and expenses of the Fund 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 Net Assets 2010  
Assets $ 56.0  
Liabilities   14.2  
       
Net Assets (Unitholders' Equity) $ 41.8  
       
Statement of Financial Operations      
Revenue $ 2.3  
Expenses   (0.5 )
Net Investment Income $ 1.8  
Net Loss on Investments   (0.6 )
Net Increase in Net Assets from Operations $ 1.2  

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

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact Information

  • Mulvihill Structured Products
    John Mulvihill
    President and CEO
    416.681.3966 or 1.800.725.7172
    or
    Mulvihill Structured Products
    David Roode
    President, Fund Services
    416.681.3966 or 1.800.725.7172
    or
    Mulvihill Structured Products
    Aaron Ho
    Vice-President, Finance
    416.681.3966 or 1.800.725.7172
    or
    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