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Press Release Announces Semi-Annual Results Toronto, August 22,
2003: Mulvihill
Summit Digital World (the "Fund") announces results for the six
months ended June 30, 2003. Net realized losses before distributions amounted
to $(3.7) million or $(0.53) per unit. Net assets were $26.3 million or $3.78
per unit, net of distributions to Unitholders in the amount of $1.4 million
or $0.20 per unit. The Fund achieves its
investment objectives by investing in a diversified portfolio of Common
Shares issued by leading digitally based companies. These companies are
either listed on a major North American stock exchange or quoted on NASDAQ
with a market capitalization in excess of US$5.0 billion. They must operate
within the sectors of Telecommunication Services, Telecommunication Equipment
Suppliers, Enabling Hardware and Software, and Related Digital Commerce,
Services and Products, the "Digital World Universe". 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
securities in its portfolio. In addition, the Fund may write cash covered put
options in respect of securities in which it is permitted to invest. Mulvihill Premium Digital
World Fund offers investors the opportunity to acquire additional units of
the Trust by re-investing their cash distributions through the Trustıs
Distribution Reinvestment Plan. Unitholders may enroll in the Plan by
contacting their investment advisor. The Fundıs investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. Fund Units are listed on The Toronto Stock Exchange under the symbol DWT.UN. Selected Financial
Information: Statement of Financial
Operations
For more information
please contact: Mulvihill Summit
Digital World |
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