Mulvihill Premium Yield Fund reported increased net assets and distributions for different unit classes.

From GlobeNewswire: 2025-03-28 17:54:00

The Mulvihill Premium Yield Fund (TSX: MPY) reported an increase in net assets for Class I, Class F, Class A, and ETF units at the year-end 2024. Distributions of $0.66 per unit were paid out during the year. Net assets ranged from $9.92 to $10.61 per unit as of December 31, 2024.

The Fund aims to provide high quarterly income, long-term capital appreciation, and lower portfolio volatility. It writes options to earn tax-efficient premiums, reduce volatility, and enhance total return. The Fund invests in securities from the S&P/TSX Composite Index and S&P 500 Index, using option strategies to generate a tax-efficient yield.

Utilizing derivative instruments, the Fund seeks a 5 percent yield with capital growth potential. It may invest in public investment funds, including exchange-traded funds and other Mulvihill Funds, to provide exposure to securities. The investment portfolio is managed by Mulvihill Capital Management Inc.

Selected financial information for the Fund shows assets of $56.71 million and net assets of $55.79 million as of December 31, 2024. Income, including net gain on investments, totaled $8.30 million for the year. Expenses were $1.13 million, resulting in an increase in net assets of $7.17 million.

For more information, contact Investor Relations at 416.681.3966 or visit www.mulvihill.com. John Germain, Senior Vice-President & CFO, can be reached at 121 King Street West, Suite 2600, Toronto, Ontario, M5H 3T9. The Class F and Class A units are available on Fundserv under the codes MCM103 and MCM101, while ETF units are listed on the Toronto Stock Exchange under the symbol MPY.



Read more at GlobeNewswire:: Mulvihill Premium Yield Fund Announces Year End Results