Press Release
Declares Quarterly Income Distribution
(For Release 4 p.m. EDT, September 17, 2001)
Toronto, September 17, 2001: Global Telecom Split Share Corp. (the ³Company²) has declared quarterly dividends of $0.218402 (subject to minor adjustment) on each of its Preferred Shares and $0.30 on each of its Class A shares payable on September 28, 2001 to shareholders of record on that date.
The Company is a mutual fund corporation which invests its net assets in a diversified portfolio consisting principally of common shares issued by corporations within the Company's Global Telecom Universe. To generate additional returns above the dividend income earned on the portfolio, the Company will from time to time, write covered call options in respect of all or part of the common shares in the Portfolio. In addition, the Trust may write cash covered put options in respect of securities in which the trust is permitted to invest.
The Companyıs investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. The companyıs Preferred and Class A shares are listed on The Toronto Stock Exchange under the symbols GT.PR.A and GT.A.
Distribution Details:
| Dividend per Preferred Share |
$
0.218402
(subject to minor adjustment) |
| Regular Dividend per Class A Share |
$
0.300000
|
| Payable Date |
September
28, 2001
|
| Record Date |
September
28, 2001
|
| Ex-Dividend Date |
September
26, 2001
|
For more information
please contact:
John Mulvihill, Chairman & CEO
Don Biggs, Vice President, Structured Products
Global Telecom Split
Share Corp.
121 King Street West, Suite 2600
Toronto, Ontario M5H 3T9
(416) 681-3966 (800) 725-7172
premium@mulvihill.com
www.mulvihill.com
