Mulvihill Capital Management Inc. Declares Fund Distributions

| Source: Mulvihill Capital Management Inc.;Premier Canadian Income Fund;Core Canadian Dividend Trust;Gold Participation and Income Fund;Canadian Utilities & Telecom Income Fund Mulvihill Capital Management Inc.;Premier Canadian Income Fund;Core Canadian Dividend Trust;Gold Participation and Income Fund;Canadian Utilities & Telecom Income Fund

TORONTO, ONTARIO--(Marketwire - May 4, 2011) - Mulvihill Capital Management Inc. (TSX:PCU.UN)(TSX:CDD.UN)(TSX:GPF.UN)(TSX:UTE.UN) announces monthly distributions payable on May 31, 2011 to unitholders of record on May 16, 2011, ex-dividend date of May 12, 2011 for the following funds:

Fund NameTicker Amount Per Unit
Premier Canadian Income FundPCU.UN$0.02324
Core Canadian Dividend TrustCDD.UN$0.04111
Gold Participation and Income FundGPF.UN$0.07459
Canadian Utilities & Telecom Income FundUTE.UN$0.06598

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

Mulvihill Structured Products
David Roode
President, Fund Services
416.681.3966 or 1.800.725.7172

Mulvihill Structured Products
Aaron Ho
Vice-President, Finance
416.681.3966 or 1.800.725.7172

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