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Press Releases Declares Initial Quarterly Income
Distributions Toronto, March 22, 2000: Digital World Trust [DWT.UN] has declared its initial quarterly income distribution of C$0.25 per Unit (pro-rata from inception on February 23, 2000) payable March 31, 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 Trust’s 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 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 NA 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 - hereafter referred to as 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 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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