Mulvihill Pro-AMS 100 Plus

Mulvihill Pro-AMS 100 Plus

March 27, 2007 09:01 ET

Mulvihill Pro-AMS 100 Plus (Cdn $) Announces Year End Results

TORONTO, ONTARIO--(CCNMatthews - March 27, 2007) - Mulvihill Pro-AMS 100 Plus (Cdn $) (the "Fund")(TSX:PRC.UN) announces results for the year ended December 31, 2006. Total results from financial operations amounted to a gain of $0.6 million or $0.36 per unit which included both realized and unrealized capital gains and losses. Net assets were $22.0 million or $19.12 per unit.

The Fund's investment objectives are to return at a minimum the original issue price of the units ($25.00) to unitholders upon termination of the Fund and to preserve the value of the Fund's Managed Portfolio.

The forward purchase and sale agreement remains in force with Royal Bank of Canada ("RBC") pursuant to which RBC will agree to pay to the Fund an amount equal to the original purchase price of C$25.00 for each unit outstanding on the Termination Date on December 30, 2016 in exchange for the Fund agreeing to deliver to RBC equity securities known as the Fixed Portfolio. The Managed Portfolio consists of cash and cash equivalents.

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 PRC.UN.

Selected Financial Information : ($ Millions)
Statement of Net Assets 2006
Assets $ 31.1
Liabilities 9.1

Net Assets (Unitholders Equity) $ 22.0

Statement of Financial Operations
Income $ 0.3
Expenses (0.5)
Net Investment Loss $ (0.2)

Net Gain on Investments 0.8

Total Results from Financial Operations $ 0.6


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
    Mulvihill Structured Products
    Don Biggs
    Senior Vice President
    (416) 681-3966 or 1-800-725-7172