Business News • MarketWire • Mulvihill Premium Canadian Bank Announces Year End Results |
Mulvihill Premium Canadian Bank Announces Year End Results |
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Mulvihill Premium Canadian Bank Announces Year End Results
TORONTO, ONTARIO--(Marketwire - Jan. 22, 2010) - 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
View More : http://www.marketwire.com/mw/release.do?id=1105821&sourceType=3
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