Mulvihill Premium Split Share Announces Semi-Annual Results

TORONTO, ONTARIO -- (Marketwire) -- 09/18/09 -- Mulvihill Premium Split Share (the "Fund") (TSX: MUH.A)(TSX: MUH.PR.A) announces results for the six months ended, July 31, 2009. Net realized loss before distributions amounted to $(0.3) million or $(0.15) per unit. Net assets were $14.76 per unit, net of distributions to Class A shareholders in the amount of $0.01 million or $0.01 per Class A share and distributions to Priority Equity shareholders in the amount of 0.7 million or $0.41 per Priority Equity share. Each unit consists of one Class A share and one Priority Equity share.

Due to the Fund's adoption of the "Priority Equity Portfolio Protection Plan" in April of 2009, the Fund is invested entirely in cash and cash equivalents.

The Fund's investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. The Fund's Preferred and Class A shares are listed on The Toronto Stock Exchange under the symbols MUH.PR.A and MUH.A.

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Selected Financial Information: ($ Millions)
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Statement of Operations
For the six months ended July 31, 2009
(Unaudited)

Revenue                                                               $0.2
Net Realized Loss on Investments                                      (0.2)
                                                                    -------
                                                                      $0.0

Less:  Expenses                                                       (0.3)
                                                                    -------

Net Realized Loss Before Distributions                               $(0.3)

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A member of the Mulvihill Capital Management Inc. Group of Funds