Mulvihill Capital Management Inc. Announces Approval of Proposed Amendments

TORONTO, June 21, 2024 (GLOBE NEWSWIRE) -- (TSX: WFS) Mulvihill Capital Management Inc. (the "Manager"), the manager of World Financial Split Corp. (the "Fund") is pleased to announce that shareholders of the Fund have approved a proposal to change the investment objectives, strategy and restrictions of the Fund and to amend the articles of the Fund (the "Amendments"), all as more particularly described in the Fund's management information circular dated May 10, 2024 (the "Circular"), at a special meeting of the shareholders held earlier today.

As a result of the Amendments being approved, the Fund will (a) make consequential amendments to its investment objectives and strategy (as described in the Circular), (b) make consequential amendments to its investment restrictions (as described in the Circular), which includes changing the name of the Fund to "Premium Global Income Split Corp.", and (c) subject to the approval of the Toronto Stock Exchange, change the ticker symbol in respect of the Class A Shares and Preferred Shares to "PGIC.A" and "PGIC.PR.A", respectively. The Amendments are expected to become effective on June 28, 2024 following the filing of articles of amendment to implement the Reorganization.

For further information, please contact Investor Relations at 416.681.3966, toll free at 1-800-725-7172 or visit www.mulvihill.com.

You will usually pay brokerage fees to your dealer if you purchase or sell shares of the Fund on the TSX. If the shares are purchased or sold on the TSX, investors may pay more than the current net asset value when buying and may receive less than current net asset value when selling them. There are ongoing fees and expenses associated with owning shares of the Fund. An investment fund must prepare disclosure documents that contain key information about the Fund. You can find more detailed information about the Fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.