Mulvihill Pro-AMS U.S.

Mulvihill Pro-AMS U.S.

March 26, 2010 09:00 ET

Mulvihill Pro-AMS U.S. Announces Year End Results

TORONTO, ONTARIO--(Marketwire - March 26, 2010) - Mulvihill Pro-AMS U.S. (the "Fund") (TSX:PAM.UN) announces results for the year ended December 31, 2009. The net decrease in net assets from operations amounted to $(0.0) million or $(0.04) per unit. Net assets were $16.3 million or $24.88 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 issue price of C$25.00 for each unit outstanding on the Termination Date on January 4, 2011 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 PAM.UN.

Selected Financial Information : ($ Millions)  
Statement of Net Assets 2009
Assets $ 21.3
Liabilities 5.0
Net Assets (Unitholders Equity) $ 16.3
Statement of Financial Operations  
Income $ -
Expenses (0.2)
Net Investment Loss $ (0.2)
Net Gain on Investments 0.2
Net Decrease in Net Assets  
from Operations $ -

A member of the Mulvihill Capital Management Inc. Group.

Contact Information

  • Mulvihill Pro-AMS U.S.
    Investor Relations
    416.681.3966 or Toll Free: 1.800.725.7172