Mulvihill Capital Management Inc., the manager of Mulvihill Premium Split Share Corp. (TSX:MUH.A), has voluntarily agreed to cut its management fee to 0.50% per year per annum of the net asset value from 1.25% for an indefinite period.

Mulvihill says the fund has implemented its priority equity portfolio protection plan to protect the original value of the priority equity shares and is consequently invested in cash and cash equivalents.

Mulvihill says it is considering strategic alternatives regarding the fund and its operations.