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Press Release Declares Quarterly Income Distribution
Toronto, June 5, 1999: Digital World Trust [DWT.UN] has declared an income distribution of C$0.60 per Unit payable June 30, 2000 to holders of record on such date. Unitholders of Digital World Trust may elect to have their distributions re-invested into additional Units by enrolling in the Trustıs Distribution Reinvestment Plan. In order to take advantage of distribution reinvestment, Unitholders should contact their broker or the Plan Agent (Montreal Trust Company of Canada) as soon as possible to enroll in the plan. The 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. 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. 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. Distribution Details:
Digital World Trust |
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