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Press Release
Toronto, June 4, 2003:
Mulvihill Summit Digital World (the "Fund") has declared its
quarterly distribution of C$0.10 per Unit payable June 30, 2003 to
unitholders of record as of June 16, 2003. 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 Summit
Digital World offers investors the opportunity to conveniently acquire
additional units of the Fund by reinvesting their cash distributions through
the Fund's Distribution Reinvestment Plan. Unitholders may enroll in the Plan
by contacting their investment advisor. 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 DWT.UN.
Distribution Detail:
Mulvihill Summit Digital
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