Mulvihill Premium Split Share

Mulvihill Premium Split Share

April 04, 2007 16:03 ET

Mulvihill Premium Split Share: Quarterly Dividend Declared

TORONTO, ONTARIO--(CCNMatthews - April 4, 2007) - Mulvihill Premium Split Share (the "Fund") (TSX:MUH.A)(TSX:MUH.PR.A) has declared its quarterly dividend of $0.215252 on each of its Preferred Shares and $0.30 on each of its Class A shares, payable April 30, 2007 to shareholders of record as of April 16, 2007. The amount of the dividend may be subject to minor adjustment. To the extent that any portion of the distributions are ordinary taxable dividends and not capital gains dividends, they will be eligible dividends.

The Fund is a mutual fund corporation, which invests its net assets in a diversified 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 & Poors 100 Index. 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.

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.

Distribution Details:
Dividend per Preferred Share: $0.215252
Regular Dividend per Class A Share: $0.30
Payable Date: April 30, 2007
Record Date: April 16, 2007
Ex-Dividend Date: April 12, 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