Mulvihill Premium Global Plus

Mulvihill Premium Global Plus

March 30, 2005 09:00 ET

Mulvihill Premium Global Plus Announces Year End Results


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MULVIHILL PREMIUM GLOBAL PLUS

TSX SYMBOL: GIP.UN

MARCH 30, 2005 - 09:00 ET

Mulvihill Premium Global Plus Announces Year End
Results

TORONTO, ONTARIO--(CCNMatthews - March 30, 2005) - Mulvihill Premium
Global Plus (the "Fund")(TSX:GIP.UN) announces results for the year
ended December 31, 2004. Total results from financial operations
amounted to a gain of $0.6 million or $0.17 per unit which included both
realized and unrealized capital gains and losses. Net assets were $32.1
million or $12.73 per unit, net of distributions to unitholders in the
amount of $4.5 million or $1.40 per unit.

The Fund invests in a diversified portfolio consisting principally of
common shares issued by corporations selected from the Standard & Poor's
100 Index, and the top 100 corporations whose American Deposit Receipts
are trading on the New York Stock Exchange or NASDAQ. In addition, in
order to provide further global investment opportunities, the Fund may,
from time to time, invest up to a maximum of 25% of its net asset value
in World Equity Benchmark Shares that seek to provide investment results
that track the performance of a specific country index compiled by
Morgan Stanley Capital International Inc. To generate additional returns
above the dividend income earned on the portfolio, the Fund may from
time to time, write covered call options in respect of all or part of
the common shares 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 Global Plus 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 GIP.UN.



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Selected Financial Information : ($ Millions)
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Statement of Net Assets 2004
-------
Assets $ 41.2
Liabilities 9.1
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Net Assets (Unitholders Equity) $ 32.1

Statement of Financial Operations
Income $ (0.4)
Expenses (0.7)
-------
Net Investment Loss $ (1.1)

Net Gain on Investments 1.7
-------
Total Results from Financial Operations $ 0.6
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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Mulvihill Structured Products
    John Mulvihill
    President & CEO
    (416) 681-3966
    or
    Mulvihill Structured Products
    Bruce Graham
    Vice President
    (416) 681-3966 or (800) 725-7172
    hybrid@mulvihill.com
    www.mulvihill.com
    A member of the Mulvihill Capital Management Inc. Group of Funds