|
|
|||||||||
|
Press Release
Toronto, September 17,
2001: Digital World Trust [DWT.UN] has declared an income distribution of
C$0.15 per Unit payable September 28, 2001 to holders of record on such date. 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 ³Digital World Universe². 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. Digital World Trust offers
investors the opportunity to conveniently acquire additional units of the
Trust by re-investing their cash distributions through the Trustıs
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. Distribution Detail:
Digital World Trust |
|||||||||
|
|
|||||||||