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Press Release Declares Quarterly Income
Distribution Toronto,
June 19, 2001: Digital World Trust [DWT.UN] has declared an income
distribution of C$0.25 per Unit payable June 29, 2001 to holders of record on
such date. 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 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. Unitholders of
Digital World Trust may elect to have their distributions re-invested into
additional Units by enrolling in the Trust’s Distribution Reinvestment Plan.
In order to take advantage of distribution reinvestment, Unitholders should
contact their broker or the Plan Agent (Computershare) as soon as possible to
enroll in the plan. 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. Distribution Details:
Digital World Trust |
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