Mulvihill Capital Management End Distributions for Thirteen Investment Portfolios

The Trust's would also like to announce that they have completed its tax planning to realize capital losses in the portfolio to reduce the taxable income of the Trust's. As a result, it is expected that some or all of the distributions will be non-taxable in 2001. The amount of the non-taxable distribution will reduce Unitholders' adjusted cost base of their Units used to calculate capital gains realized by Unitholders on ultimate redemption or other disposition of their Units.

"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."

	Symbol	Regular Distr.	Special Distr.	Total Distr. Dec 31, 2001	Total Distr. For 2001
Mulvihill Premium Income	FPI.UN	0.50	0.00	$0.50	$2.25
Mulvihill Premium U.S.	FPU.UN	0.50	0.00	0.50	2.00
Mulvihill Premium Oil & Gas	FPG.UN	0.1875	0.1875	0.3750	1.50
Mulvihill Premium 60Plus	SIX.UN	0.50	0.00	0.50	2.50
Mulvihill Premium Global Plus	GIP.UN	0.50	0.00	0.50	2.00
Mulvihill Summit Digital World	DWT.UN	0.15	n/a	0.15	0.95
Mulvihill Pro-AMS U.S.	PAM.UN	0.1875	n/a	0.1875	2.25
Mulvihill Pro-AMS RSP	PR.UN	0.1823	n/a	0.1823	1.812
Mulvihill Pro-AMS 100Plus (CDN$) Trust	PRC.UN	0.35416	n/a	0.35416	0.35416
Mulvihill Pro-AMS 100Plus (US$) Trust	PRU.U	US$ 0.28334	n/a	US$ 0.28334	US$ 0.28334
Premium Global Income Fund	MWM800	0.20	0.00	0.20	0.80
Premium Canadian Income Fund	MWM810	0.20	0.00	0.20	0.80
Mulvihill Premium Global Telecom	GT.A	0.15	0.00	0.15	1.15
Mulvihill Premium Global Telecom	GT.PR.A	0.218748	n/a	0.218748	0.875437

Distributions will be paid on December 31, 2001 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.