Toronto, May 16, 2002: Mulvihill Pro-AMS 100 Plus (Cdn$) (the "Trust") has declared its regular monthly distribution of C$0.17708 per Unit, payable May 31, 2002 to holders of record on such date.

Mulvihill Pro-AMS 100 Plus (Cdn$) was launched in November 2001 to provide Unitholders with a stable stream of monthly distributions targeted to be at least C$0.17708 per Unit

To provide the Trust with the means to return the original issue price of the Units on or about the termination date, the Trust has entered into a forward purchase and sale agreement (the "Forward Agreements") with Royal Bank of Canada ("RBC") pursuant to which RBC will agree to pay to the Trust an amount equal to C$25.00 for each Trust Unit outstanding on the Termination Date in exchange for the applicable Trust agreeing to deliver to RBC equity securities (the "Fixed Portfolios").

The balance of the net proceeds of will be invested in a diversified internationally focused portfolio (the "Managed Portfolios") consisting principally of equity securities (including common shares and ADRs) that are listed on a major North American stock exchange or market with an emphasis on the top 100 in each category by market capitalization of ADRs, U.S. equities and Canadian equities. In addition, the issues of such securities must have a market capitalization in excess of U.S. $5.0 billion if listed solely in the United States or a market capitalization in excess of C$1 billion if listed in Canada.

The Trust may from time to time, write covered call options in respect of all or part of the securities in which the Trust is permitted to invest. In addition, the Trust may write cash covered put options in respect of securities in which the Trust is permitted to invest.