From GlobeNewswire: 2025-03-28 17:34:00

Mulvihill Canadian Bank Enhanced Yield ETF (TSX: CBNK) reports an increase in net assets of $27.25 million for the year ended December 31, 2024. Total net assets were $122.66 million or $8.43 per unit, with $9.65 million in cash distributions paid to unitholders during the year.

The Fund focuses on long-term capital appreciation through common shares of major Canadian banks like Bank of Montreal, Royal Bank of Canada, and The Toronto-Dominion Bank. It aims for a 7.0 percent yield and additional capital growth potential with modest leverage and options trading.

Managed by Mulvihill Capital Management Inc., the Fund’s assets totaled $154.54 million, liabilities at $31.88 million, and net assets of $122.66 million as of December 31, 2024. Income for the year was $29.45 million, with an increase in net assets of $27.25 million. Units are listed on the Toronto Stock Exchange under CBNK.

For more information, contact Investor Relations at 416.681.3966 or visit Mulvihill’s website. Commissions, management fees, and expenses are associated with investment funds, which are not guaranteed and their values fluctuate. Prospective investors should read the prospectus before investing.



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