Special Dividends in Canadian
and U.S. Income Portfolios
Toronto, Ontario, December 15, 2000: Mulvihill Capital Management, Canada’s premier manager of enhanced yield investment products, today declared special and regular distributions for investors in ten of its portfolios – First Premium Income Trust, First Premium U.S. Income Trust, First Premium Oil & Gas Income Trust, Global Telecom Split Share Corp., 60Plus Income Trust, Global Plus Income Trust, Digital World Trust, Pro-AMS U.S Income Trust, Premium Canadian Income Fund and Premium Global Income Fund.
Mulvihill has provided investors with regular quarterly distributions derived from dividends generated from the equity securities held within the portfolios and from capital gains including those generated by writing covered call options on all or part of the securities held in the portfolios. Special distributions disburse the remaining annual net income and net capital gains of the fund to its investors so that the fund is not liable for tax.
"Our products are designed to offer investors security, stable income streams and solid returns," said John Mulvihill, Chairman and CEO, Mulvihill Capital Management. " We actively manage all our portfolios to hit distribution targets, while protecting the original capital to return to investors on termination of the funds."
Regular and special distributions will be paid on December 29, 2000 to investors of record on that date.
Mulvihill Capital Management Inc. is a leading Canadian investment counsel responsible for the management of institutional and personal assets. The Company’s cohesive team of senior managers provides clients with a uniquely customized approach to asset management that emphasizes enhanced return and security of capital.