Mulvihill Premium Canadian
TSX : FPI.UN

Mulvihill Premium Canadian

August 26, 2009 09:00 ET

Mulvihill Premium Canadian Announces Semi-Annual Results

TORONTO, ONTARIO--(Marketwire - Aug. 26, 2009) - Mulvihill Premium Canadian (the "Fund") (TSX:FPI.UN) announces results for six months ended June 30, 2009. Net realized loss before distributions amounted to $(3.7) million or $(1.66) per unit. Net assets were $22.4 million or $11.75 per unit, net of distributions to unitholders in the amount of $1.5 million or $0.70 per unit.

The Fund's investment objectives are to provide unitholders with a stable stream of quarterly distributions of at least $0.50 per unit. The Fund achieves its investment objectives by investing in a diversified portfolio consisting primarily of common shares issued by major Canadian issuers. In order to generate returns above the dividend income generated by the Portfolio, the Fund may write covered call options in respect of all or part of the securities in the Portfolio. In addition, the Fund may write cash covered put options in respect of securities in which the Fund is permitted to invest.

Unitholders of Mulvihill Premium Canadian may elect to have their distributions re-invested into additional units by enrolling in the Fund's Distribution Reinvestment Plan. Unitholders may enroll in the Plan by contacting their investment advisor.

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 FPI.UN.



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Selected Financial Information: ($ Millions)
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Statement of Financial Operations
For the six months ended June 30, 2009
(Unaudited)

Revenue $ 0.3
Net Realized Loss on Investments (3.7)
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(3.4)
Less: Expenses (0.3)
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Net Realized Loss Before Distributions $ (3.7)

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

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