Mulvihill Premium U.S. Announces Year End Results.TORONTO -- Mulvihill Premium U.S. (the "Fund") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :FPU (Floating Point Unit) A computer circuit that handles floating point operations. FPU - floating-point unit .UN) announces results for the year ended December 31, 2004. Total results from financial operations amounted to a loss $3.1 million or $0.33 per unit which included both realized and unrealized capital gains and losses. 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. were $98.9 million or $12.34 per unit, net of distributions to unitholders in the amount of $15.0 million or $1.60 per unit. The Fund invests in a diversified portfolio consisting primarily of common shares issued by corporations that rank in the top 50 of the Standard & Poors 100 Index on the basis of market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . In order to generate returns above the dividend income generated by the portfolio, the Fund may write covered call options in respect of all or part of the securities 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. In order to generate returns above the dividend income generated by the portfolio, the Fund may write covered call options in respect of all or part of the securities 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. Unitholders of Mulvihill Premium U.S. may elect to have their distributions reinvested into additional units by enrolling in the Fund's Distribution Reinvestment Plan reinvestment plan See dividend reinvestment plan (DRIP). . Unitholders may enroll in the Plan by contacting their investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and . The Fund's investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. Fund units 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 symbol FPU.UN.
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Selected Financial Information : ($ Millions)
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Statement of Net Assets 2004
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Assets $ 116.2
Liabilities 17.3
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Net Assets (Unitholders Equity) $ 98.9
Statement of Financial Operations
Income $ (1.4)
Expenses (2.5)
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Net Investment Loss (3.9)
Net Gain on Investments 0.8
Total Results from Financial Operations $ (3.1)
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A member of the Mulvihill Capital Management Inc. Group of Funds group of funds See family of funds. Mulvihill Premium U.S. (TSX:FPU.UN) |
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