|
|
|||||||||||||||||||||||
|
Press Release Announces Year End Results Toronto, April 2, 2002: Mulvihill Premium Digital World Fund announces results for the year ended December 31, 2001. Total results from financial operations amount to a loss of $13.5 million or $1.64 per unit, which includes both realized and unrealized capital gains and losses. Net assets were $53.6 million or $6.47 per unit, net of distributions to Unitholders in the amount of $7.8 million or $0.95 per unit. The Trust's strategy is to invest the net proceeds from this offering 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 Trust may from time to time write covered call options in respect of all or part of the securities shares in its portfolio. In addition, the Trust may write cash covered put options in respect of securities in which the Trust is permitted to invest. Mulvihill Premium Digital World Fund offers investors the opportunity to conveniently acquire additional units of the Trust by re-investing their cash distributions through the Trust's Distribution Reinvestment Plan. Unitholders may enroll in the Plan by contacting their investment advisor.estors the opportunity to conveniently acquire additional units of the Trust by reinvesting their cash distributions through the Trust's Distribution Reinvestment Plan. Unitholders may enroll in the Plan by contacting their investment advisor. TThe Trust's investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc.. Trust Units are listed on The Toronto Stock Exchange under the symbol DWT.UN. Selected Financial
Information:
For more information,
please contact:
Digital World Trust |
|||||||||||||||||||||||
|
|
|||||||||||||||||||||||