Gold Participation and Income Fund announces results of warrant exercise

TORONTO, Aug. 11 /CNW/ - (TSX: GPF.UN) - Gold Participation and Income Fund is pleased to announce the issuance of units upon the exercise of the warrants issued under its initial public offering. The fund raised gross proceeds of over $10.6 million pursuant to the exercise of the warrants.

The net proceeds from the exercise of the warrants will provide the fund with additional capital that can be used to take advantage of attractive investment opportunities in the gold sector. The completion of the offering is also expected to increase the trading liquidity of the units and reduce the ongoing management expense ratio of the fund.

A fund may pay investment management fees, service fees, management fees and other expenses. For further information, please refer to the fund's publicly-filed documents, which are available on SEDAR at www.sedar.com. The securities of investment funds are not guaranteed, their values change frequently and their past performance may not be repeated.

SOURCE GOLD PARTICIPATION AND INCOME FUND

For further information: For further information: Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit www.mulvihill.com; John Mulvihill, President and CEO, David Roode, President, Fund Services, Sheila Szela, Vice-President, Finance and CFO, A member of the Mulvihill Capital Management Inc. Group of Funds, Mulvihill Structured Products, 121 King Street West, Suite 2600, Toronto, Ontario, M5H 3T9, (416) 681-3966, (800) 725-7172, www.mulvihill.com, info@mulvihill.com

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GOLD PARTICIPATION AND INCOME FUND

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