Mulvihill Premium Split Share

Mulvihill Premium Split Share

September 15, 2005 09:00 ET

Mulvihill Premium Split Share Announces Semi-Annual Results

TORONTO, ONTARIO--(CCNMatthews - Sept. 15, 2005) - Mulvihill Premium Split Share (the "Fund")(TSX:MUH.A)(TSX:MUH.PR.A) announces results for the six months ended, July 31, 2005. Net realized income before distributions amounted to $3.4 million or $0.66 per unit. Net assets were $23.31 per unit, net of distributions to Class A shareholders in the amount of $3.0 million or $0.60 per Class A share and distributions to Preferred shareholders in the amount of $2.2 million or $0.43 per Preferred share. Each unit consists of one Class A share and one Preferred share.

The Fund is a mutual fund corporation, which invests its net assets in a diversified portfolio (the "Portfolio") consisting principally of common shares issued by some or all of a group selected from the TSX 300 Index. In order to meet its investment objectives, the Fund may, from time to time, invest up to 20% of the cost amount of its assets in common shares issued by corporations selected from the Standard & Poor's 100 Index. To generate additional returns above the dividend income earned on the Portfolio, the Fund may 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.

The Fund's investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. The Fund's Preferred and Class A shares are listed on The Toronto Stock Exchange under the symbols MUH.PR.A and MUH.A.

Selected Financial Information: ($ Millions)
Statement of Operations
For the six months ended July 31, 2005

Revenue $1.1
Net Realized Gains 3.2
Less: Expenses (0.9)

Net Realized Income Before Distributions $3.4


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
    Mulvihill Structured Products
    Don Biggs
    Vice President
    (416) 681-3966 or (800) 725-7172