TORONTO, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Mulvihill Premium Yield Fund (the "Fund") (TSX:MPY) announces results of operations for the period ended June 30, 2024. Increase in net assets attributable to holders of Class I units amounted to $0.91 million or $0.78 per Class I unit, increase in net assets attributable to holders of Class F units amounted to $0.92 million or $0.80 per Class F unit, increase in net assets attributable to holders of Class A units amounted to $0.55 million or $0.60 per Class A unit, and increase in net assets attributable to holders of ETF units amounted to $0.46 million or $0.68 per ETF unit. As at June 30, 2024, net assets attributable to holders of Class I units were $11.57 million or $10.01 per Class I unit; net assets attributable to holders of Class F units were $10.61 million or $10.01 per Class F unit, net assets attributable to holders of Class A units were $9.28 million or $9.43 per Class A unit, and net assets attributable to holders of ETF units were $8.93 million or $9.40 per ETF unit. Distributions paid to Class I units, Class F units, Class A units and ETF units were $381,083, $367,452, $299,344 and $292,931 respectively, representing a payment of $0.33 per Class I unit, $0.33 per Class F unit, $0.33 per Class A unit and $0.33 per ETF unit during the period.
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 ...
