Mulvihill Premium Canadian

Mulvihill Premium Canadian

March 27, 2007 09:00 ET

Mulvihill Premium Canadian Announces Year End Results

TORONTO, ONTARIO--(CCNMatthews - March 27, 2007) - Mulvihill Premium Canadian (the "Fund")(TSX:FPI.UN) announces results for the year ended December 31, 2006. Total results from financial operations amounted to a gain of $3.4 million or $0.87 per unit which included both realized and unrealized capital gains and losses. Net assets were $61.7 million or $18.37 per unit, net of distributions to unitholders in the amount of $7.8 million or $2.00 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.

Selected Financial Information : ($ Millions)
Statement of Net Assets 2006

Assets $ 62.1
Liabilities 0.4
Net Assets (Unitholders Equity) $ 61.7

Statement of Financial Operations

Income $ 1.5
Expenses (1.4)
Net Investment Income $ 0.1

Net Gain on Investments 3.3

Total Results from Financial Operations $ 3.4


A member of the Mulvihill Capital Management Inc. Group

Contact Information

  • Mulvihill Capital Management
    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