Mulvihill World Financial Split Corp. (TSX:WFS) announces a share repurchase program. Under the program, the company will repurchase up to 235,455 Class A shares and 235,455 preferred shares, representing approximately 10% of its Class A shares in public float and that of its issued and outstanding Class A shares and 10% of its preferred shares in public float and that of its issued and outstanding preferred shares. The units repurchased pursuant to the bid will be cancelled. The repurchases will be made pursuant to the bid through the facilities of the TSX or other eligible alternative market. The shares may only be purchased together as a unit at a price per share not exceeding the last net asset value per unit. The fund may purchase up to 47,091 units, representing approximately 2% of its issued and outstanding units in any 30-day period under the bid. The Directors of the fund believe that such repurchases are in the best interest of the fund and are a desirable use of its available funds. The bid will commence from October 22, 2014 and will remain in effect until October 21, 2015. As of September 30, 2014, the company had 2,354,556 Class A shares and 2,827,248 preferred shares in public float and that of issued and outstanding shares.

On October 20, 2014, the Board announced that it has received approval from the Toronto Stock Exchange to make the repurchases.