MULVIHILL PREMIUM SPLIT SHARE CORP. ANNOUNCES DECREASE IN MANAGEMENT FEE
TORONTO, Nov. 8 /CNW/ - (TSX: MUH.A, MUH.PR.A) Mulvihill Premium Split Share Corp. (the "Fund") announces today that its manager Mulvihill Capital Management Inc. has voluntarily agreed to decrease the management fee from 1.25% per annum of the net asset value to 0.50% per annum of net asset value for an indefinite period. The Fund implemented its Priority Equity Portfolio Protection Plan as required, to protect the original value of the Priority Equity Shares and is consequently invested in cash and cash equivalents. At this time, the manager has determined to consider strategic alternatives regarding the Fund and its operations.
| John Mulvihill, President and CEO David Roode, President, Fund Services Aaron Ho, Vice-President |
Mulvihill Structured Products 121 King Street West Suite 2600 Toronto, Ontario, M5H 3T9 416.681.3966; 1.800.725.7172 www.mulvihill.com [email protected] |
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
For further information:
Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit www.mulvihill.com.
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