Mulvihill Premium Oil & Gas
TSX : FPG.UN

Mulvihill Premium Oil & Gas
Mulvihill Capital Management Inc.

Mulvihill Capital Management Inc.

August 24, 2005 09:01 ET

Mulvihill Premium Oil & Gas Announces Semi-Annual Results

TORONTO, ONTARIO--(CCNMatthews - Aug. 24, 2005) - Mulvihill Premium Oil & Gas (the "Fund")(TSX:FPG.UN) announces results for the six months ended June 30, 2005. Net realized income before distributions amounted to $1.3 million or $1.18 per unit. Net assets were $12.4 million or $12.23 per unit, net of distributions to unitholders in the amount of $0.4 million or $0.3750 per unit.

The Fund's investment objectives are to provide unitholders with a stable stream of quarterly distributions of at least C$0.1875 per Unit. The Fund achieves its investment objectives by investing in a diversified portfolio consisting primarily of common shares issued by corporations that are included in the TSX 300 Oil & Gas Sub-Index and up to 20% of the cost amount of its assets in common shares issued by corporations that are included in the Standard & Poor's 500 Oil & Gas Sub-Index.

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.

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 FPG.UN.



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Selected Financial Information: ($ Millions)
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Statement of Financial Operations
For the six months ended June 30, 2005
(Unaudited)

Revenue $0.1
Net Realized Gains 1.3
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1.4

Less: Expenses (0.1)
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Net Realized Income Before Distributions $ 1.3

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

Contact Information

  • Mulvihill Structured Products
    John Mulvihill
    President & CEO
    (416) 681-3966 or (800) 725-7172
    or
    Mulvihill Structured Products
    Bruce Graham
    Vice President
    (416) 681-3966 or (800) 725-7172
    hybrid@mulvihill.com
    www.mulvihill.com