Press Release

Declares Quarterly Distribution
(For Immediate Release, September 19, 2002)

Toronto, September 19, 2002: Mulvihill Premium 60 Plus (the “Fund”) has declared a quarterly distribution of C$0.50 per Unit payable September 30, 2002 to unitholders of record on such date.

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 should contact their broker or the Plan Agent (Computershare) to enroll in the Plan.

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.

Distribution Details:

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
hybrid@mulvihill.com