Declares Year End
Toronto, December 4, 2002: Mulvihill Premium 60 Plus (the "Fund") has declared its year end distribution of C$0.50 per Unit payable December 31, 2002 to unitholders of record as of December 16, 2002.
The Fund's investment objectives are to provide Unitholders with a stable stream of quarterly distributions of at least C$0.50 per Unit. The Fund intends to achieve 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 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 Fund may write cash covered put options in respect of securities in which the Fund is permitted to invest. The Fund may from time to time, write covered call options in respect of all or part of the 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.
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