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Press Release Announces Semi-Annual Results Toronto, August 31, 2000: Digital World Trust announces results for the period from inception on February 23, 2000 to June 30, 2000. Net Income before distributions amounted to $7.1 million or $0.88 per unit. Net assets were $106.9 million or $13.07 per unit net of distributions to Unitholders in the amount of $7.0 million or $0.85 per unit. Digital World Trustıs 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 N.A. 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 will, from time to time, write covered call options in respect of all or part of the securities in its portfolio. In addition, the Trust may write cash covered put options in respect of securities in which it is permitted to invest. Digital World Trust 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. The Trustıs 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: Statement of
Operations (Unaudited):
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