Press Release

Announces Year End Results
(For Release 4 p.m. EDT, March 31, 2003)

Toronto, March 31, 2003: Mulvihill Premium 60 Plus Fund announces results for the year ended December 31, 2002. Total results from financial operations amounted to a loss of $7.6 million or $1.75 per unit which included both realized and unrealized capital gains and losses. Net assets were $78.3 million or $19.48 per unit net of distributions to unitholders in the amount of $8.5 million or $2.00 per unit.

The Fund’s investment objectives are to provide unitholders with quarterly distributions and to return the original issue price of the units ($25.00 per unit) to unitholders upon termination of the Fund. The Fund achieves its investment objectives by investing in a diversified portfolio consisting principally of common shares issued by corporations selected from the S&P/TSX 60 Index. The Fund may also, from time to time, invest up to 20% of the cost amount of its assets in (i) common shares issued by the top 60 corporations selected on the basis of market capitalization from the S&P 100 Index or (ii) American Depository Receipts (“ADR’s”) of the top 60 corporations selected on the basis of market capitalization whose ADR’s are trading on the New York Stock Exchange or NASDAQ.

To generate additional returns above the dividend income earned on the portfolio, the Fund may from time to time, write covered call options in respect of all or part of the common shares in the Portfolio. In addition, the Fund may write cash covered put options in respect of securities in which the Fund is permitted to invest.

Unitholders of Mulvihill Premium 60 Plus may elect to have their distributions reinvested into additional Units by enrolling in the Fund’s Distribution Reinvestment Plan. Unitholders may enroll in the Plan by contacting their investment advisor.

The Fund’s investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. Fund Units are listed on The Toronto Stock Exchange under the symbol SIX.UN.

Selected Financial Information: ($ millions)

Statement of Net Assets 2002
Assets $ 82.2
Liabilities 3.9
Net Assets
(Unitholders Equity)
$ 78.3
Statement of Financial Operations
Income $ 1.7
Expenses (1.4)
Net Investment Income (0.3)
Net Loss on Investments (7.9)
Total Results of Financial Operations $ (7.6)

For more information, please contact:
John Mulvihill, President & CEO
David Middleton,CFO
Mulvihill Structured Products

Mulvihill Premium 60 Plus
121 King Street West, Suite 2600
Toronto, Ontario M5H 3T9
(416) 681-3966   (800) 725-7172