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Press Release Declares Quarterly Distribution Toronto, June 17, 2002: Mulvihill Summit Digital World (the "Trust") has declared a quarterly distribution of C$0.15 per Unit payable June 28, 2002 to unitholders of record on such date. The amount of the distribution may be subject to minor adjustment. 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 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. Accordingly, the Trust will hold a portion of its assets in cash equivalents which will be used to provide cover in respect of the writing of cash covered put positions. Mulvihill Summit Digital World offers investors 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. The 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.
For more information,
please contact:
Digital World Trust |
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