|
|
|||||||||||
|
Press Release Announces Semi-Annual Results Toronto, August 26,
2002: Mulvihill
Summit Digital World (the “Fund”) announces results for the six months ended
June 30,2002. Net realized loss before distributions amounted to $(3.9)
million or $(0.47) per unit. Net assets decreased from $53.6 million to $33.7
million, net of distributions to Unitholders in the amount of $2.5 million or
$0.30 per unit. The Fund’s strategy is to invest
the net proceeds from this offering in a diversified portfolio (the
“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 the
Fund is permitted to invest. Mulvihill Premium Digital
World offers investors the opportunity to conveniently acquire additional
units of the Fund by re-investing their cash distributions through the Fund’s
Distribution Reinvestment Plan (the “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.. Selected Financial
Information: Statement of Operations
For more information
please contact: Mulvihill Summit
Digital World |
|||||||||||
|
|
|||||||||||