Mulvihill Premium Oil & Gas
TSX : FPG.UN

Mulvihill Premium Oil & Gas

March 27, 2007 09:01 ET

Mulvihill Premium Oil & Gas Announces Year End Results

TORONTO, ONTARIO--(CCNMatthews - March 27, 2007) - Mulvihill Premium Oil & Gas (the "Fund")(TSX:FPG.UN) announces results for the year ended December 31, 2006. Total results from financial operations amounted to a gain of $0.5 million or $0.67 per unit, which included both realized and unrealized capital gains and losses. Net assets were $8.4 million or $13.02 per unit, net of distributions to unitholders in the amount of $0.5 million or $0.75 per unit.

The Fund terminated operations on January 1, 2007. The equity positions were liquidated during the fourth quarter to facilitate payment of $13.02 per unit to unitholders upon termination of the Fund. This payment exceeded the investment objective of the Fund to pay an amount equivalent to the original issue price of $12.50 upon termination of the Fund.



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Selected Financial Information : ($ Millions)

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Statement of Net Assets 2006
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Assets $ 9.2
Liabilities 0.8
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Net Assets (Unitholders Equity) $ 8.4

Statement of Financial Operations

Income $ 0.2
Expenses (0.3)
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Net Investment Loss $ (0.1)

Net Gain on Investments 0.6
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Total Results from Financial Operations $ 0.5

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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
    or
    Mulvihill Structured Products
    Don Biggs
    Senior Vice President
    (416) 681-3966 or 1-800-725-7172
    Email: hybrid@mulvihill.com
    Website: www.mulvihill.com