Mulvihill Premium Global Telecom Declares Quarterly Dividend.TORONTO -- Mulvihill Premium Global Telecom (the "Fund")(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :GT.A)(TSX:GT.PR.A) has declared its quarterly dividend of $0.20625 on each of its Preferred Shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. payable March 31, 2006 to shareholders of record as of March 15, 2006.The dividends on the Class A shares continue to be suspended until such time as the value of the underlying portfolio and coverage on the Preferred Shares improves. The Fund is a mutual fund corporation, which invests its net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. in a diversified portfolio consisting principally of common shares issued by corporations within the Fund's Global Telecom Universe.To generate additional returns above the dividend income earned on the portfolio, the Fund may from time to time write covered call options covered call option A call option sold short by an investor owning the underlying stock. If the option is later exercised against the short seller of the option, the seller is covered by the stock that is owned. Compare naked option. in respect of all or part of the common shares in the Portfolio.In addition, the Fund may write cash covered put options covered put option A put option sold short by an investor who is short the underlying stock. If the put is later exercised, the investor will be required to purchase the underlying stock from the holder of the put. in respect of securities in which the Fund is permitted to invest. The Fund's investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc.The Fund's Preferred and Class A shares are listed on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbols GT.PR.A and GT.A. --------------------------------------------------------------------- Distribution Details : --------------------------------------------------------------------- Dividend per Preferred Share: $0.20625 Dividend per Class A Share: $nil Payable Date: March 31, 2006 Record Date: March 15, 2006 Ex-Dividend Date: March 13, 2006 --------------------------------------------------------------------- A member of the Mulvihill Capital Management Inc. Group of Funds Mulvihill Premium Global Telecom (TSX:GT.A) (TSX:GT.PR.A) |
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