Mulvihill Premium Split Share Quarterly Distribution Declared

TORONTO, ONTARIO -- (Marketwire) -- 07/02/09 -- Mulvihill Premium Split Share (the "Fund") (TSX: MUH.PR.A)(TSX: MUH.A) has declared its quarterly distribution of $0.206250 on each of its Priority Equity Shares, payable July 31, 2009 to shareholders of record as of July 15, 2009. The amount of the distribution may be subject to minor adjustment. To the extent that any portion of the distributions are ordinary taxable dividends and not capital gains dividends, they will be eligible dividends.

Due to the Fund's adoption of the "Priority Equity Portfolio Protection Plan", the Fund is currently not paying any dividends to Class A shareholders.

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

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Distribution Details:
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Distribution Priority Equity Share:                  $0.206250
Regular Distribution Class A Share:                  $nil
Payable Date:                                        July 31, 2009
Record Date:                                         July 15, 2009
Ex-Dividend Date:                                    July 13, 2009
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A member of the Mulvihill Capital Management Inc. Group of Funds.