Mulvihill Premium Canadian

Mulvihill Premium Canadian

December 05, 2007 16:03 ET

Mulvihill Premium Canadian Declares Quarterly Distribution

TORONTO, ONTARIO--(Marketwire - Dec. 5, 2007) - Mulvihill Premium Canadian (TSX:FPI.UN)(the "Fund") has declared its quarterly distribution of C$0.50 per unit payable December 31, 2007 to unitholders of record as of December 17, 2007.

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.

Distribution Details:
Distribution per Unit: $0.50
Payable Date: December 31, 2007
Record Date: December 17, 2007
Ex-Dividend Date: December 13, 2007

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

Contact Information

  • Mulvihill Structured Products
    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