Mulvihill Premium Yield Fund Announces Year End Results

Mulvihill Premium Yield Fund Announces Year End Results

Benzinga
March 28, 2025

TORONTO, March 28, 2025 (GLOBE NEWSWIRE) -- (TSX:MPY) Mulvihill Premium Yield Fund (the "Fund") announces results of operations for the year ended December 31, 2024. Increase in net assets attributable to holders of Class I units amounted to $1.99 million or $1.70 per Class I unit, increase in net assets attributable to holders of Class F units amounted to $1.91 million or $1.74 per Class F unit, increase in net assets attributable to holders of Class A units amounted to $1.34 million or $1.42 per Class A unit, and increase in net assets attributable to holders of ETF units amounted to $1.93 million or $1.51 per ETF unit. As at December 31, 2024, net assets attributable to holders of Class I were $12.36 million or $10.60 per Class I unit; net assets attributable to holders of Class F were $11.01 million or $10.61 per Class F unit, net assets attributable to holders of Class A units were $10.03 million or $9.92 per Class A unit, and net asset attributable to holders of ETF units were $22.39 million or $9.95 per ETF unit. Distributions paid to Class I units, Class F units, Class A units, and ETF units were $0.66 per unit for each Class of units during the year.

The Fund is a mutual fund investment trust that seeks to provide unitholders with (i) high quarterly income on a tax efficient basis; (ii) long-term capital appreciation through investment in a portfolio of high quality equity securities; and (iii) lower overall portfolio volatility. The Fund will write options to seek to earn tax efficient option premiums, reduce overall portfolio volatility and enhance the portfolio's total return.

The Fund will (i) invest in an actively managed portfolio comprised of securities from the S&P/TSX Composite Index and S&P 500 Index; and (ii) use option writing strategies from time to time in response to market conditions to generate an enhanced tax efficient yield. The Fund is also permitted to invest in public investment funds including exchange-traded funds and other Mulvihill Funds (provided that no more than 15 percent of the net asset value of the ...

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