Mulvihill Premium Canadian Bank Announces Year End Results
22 Janeiro 2010 - 11:40AM
Marketwired
Mulvihill Premium Canadian Bank (the "Company") (TSX:
PIC.PR.A)(TSX: PIC.A) today announces results for the year ended
October 31, 2009. Net realized loss before Preferred share
transactions amounted to $(52.3) million or $(3.16) per Unit. Each
Unit consists of one Class A share and one Preferred Share.
Distributions to shareholders amounted to $0.86 per Preferred
share, and $0.45 per Class A share.
Mulvihill Premium Canadian Bank is a mutual fund corporation,
which invests in the common shares of Bank of Montreal, The Bank of
Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of
Canada, and the Toronto Dominion Bank. To generate additional
returns above the dividend income earned on the portfolio, the
Company will from time to time write covered call options in
respect of all or part of the common shares in the Portfolio. In
addition, the Company may write cash covered put options in respect
of securities in which the Company is permitted to invest.
The Fund's investment portfolio is managed by its investment
manager, Mulvihill Capital Management Inc. The Company's Preferred
and Class A Shares are listed on The Toronto Stock Exchange under
the symbols PIC.PR.A and PIC.A.
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Selected Financial Information : ($ Millions)
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Statement of Net Assets 2009
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Assets $ 290.2
Liabilities 229.9
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Net Assets (Unitholders Equity) $ 60.3
Statement of Financial Operations
Income $ 11.6
Expenses (3.4)
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Net Investment Income $ 8.2
Net Loss on Investments (60.5)
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Net Realized Loss Before
Preferred Share Transactions $ (52.3)
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A member of the Mulvihill Capital Management Inc. Group of
Funds.
Contacts: Mulvihill Premium Canadian Bank Investor Relations
416.681.3966 or Toll Free at 1.800.725.7172 www.mulvihill.com
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