Mulvihill Capital Management Inc. Declares Monthly 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 - July 4, 2011) - Mulvihill Capital Management Inc. (TSX:PCU.UN)(TSX:CDD.UN)(TSX:GPF.UN)(TSX:UTE.UN) announces monthly distributions payable on July 29, 2011 to unitholders of record on July 15, 2011, ex-dividend date of July 13, 2011 for the following funds:

Fund Name Ticker Amount Per Unit
Premier Canadian Income Fund PCU.UN $0.02150
Core Canadian Dividend Trust CDD.UN $0.03949
Gold Participation and Income Fund GPF.UN $0.06858
Canadian Utilities & Telecom Income Fund UTE.UN $0.06761

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