Mulvihill Pro-AMS RSP Split Share Corp. Declares Monthly Distribution

TORONTO, ONTARIO, Aug 05 (MARKET WIRE) --
Mulvihill Pro-AMS RSP Split Share Corp. (the "Fund") (TSX: SPL.A)(TSX:
SPL.B) has declared its monthly distribution of $0.05417 on each of its
Class A Shares payable August 29, 2008 to shareholders of record as of
August 15, 2008. To the extent that any portion of the distributions are
ordinary taxable dividends and not capital gains dividends, they will be
eligible dividends.

The Fund's investment objectives for the Class A Shares are to provide
Class A Shareholders with fixed cumulative preferential monthly cash
distributions in the amount of $0.05417 per Class A Share (6.5% per annum
on the original issue price) and to pay such Shareholders $10.00 for each
Class A Share held on redemption on December 31, 2013 (the "Termination
Date").

The Fund's investment objectives with respect to the Class B Shares is to
pay Class B Shareholders $20.00 for each Class B Share held on the
redemption of the Class B Shares on the Termination Date; and on the
Termination Date, to provide holders of Class B Shares with the balance
of the value of the Fund's Managed Portfolio (described below) after
paying Class A Shareholders $10.00 per Class A Share.

To further enhance the Fund's ability to return the original issue price
of Class A Shares on termination, the Fund contributes, every six months
(commencing September 30, 2002) an amount targeted to be a minimum of
$0.43 per Class A Share outstanding representing 1/23rd of the issue
price of a Class A Share, to an account (the "Class A Share Forward
Account") which will be used to acquire Canadian equity securities. The
Fund will at each such time enter into a forward purchase and sale
agreement (each a "Class A Share Forward Agreement") with Royal Bank of
Canada ("RBC") until the forward price that would be payable to the Fund
under the Class A Share Forward Agreements on the Termination Date equals
the Class A share issue price ($10.00) multiplied by the number of Class
A Shares outstanding.

To provide the Fund with the means to return the original issue price of
the Class B Shares on termination, the forward purchase and sale
agreement remains in force with RBC pursuant to which RBC will agree to
pay to the Fund an amount equal to $20.00 in respect to each Class B
Share outstanding on the Termination Date in exchange for the Fund
agreeing to deliver to RBC equity securities known as the Fixed
Portfolio. The balance of the net proceeds of the offering (i) have been
invested by the Fund in a diversified portfolio consisting principally of
Canadian and U.S. equity securities that are listed on a major North
American stock exchange or market whose issues have a market
capitalization in excess of U.S. $5.0 billion if listed solely in the
United States or a market capitalization in excess of Cdn. $1 billion if
listed in Canada and (ii) will also be used to enter into the Class A
Shares Forward Agreements (collectively, the "Managed Portfolio").

The Fund may, from time to time, write covered call options in respect of
all or part of the securities in the Managed Portfolio. In addition, the
Fund may write cash covered put options in respect of securities in which
the Fund is permitted to invest.

The Class A Shares trade under the symbol SPL.A, and the Class B Shares
trade under the symbol SPL.B on the Toronto Stock Exchange.

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Distribution Details:
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Distribution per Class A Share: $0.05417
Distribution Per Class B Share: $nil
Payable Date: August 29, 2008
Record Date: August 15, 2008
Ex-Dividend Date: August 13, 2008
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A member of the Mulvihill Capital Management Inc. Group of Funds.

Contacts:
Mulvihill Structured Products
John Mulvihill
President & CEO
(416) 681-3966 or 1-800-725-7172

Mulvihill Structured Products
Don Biggs
Senior Vice President
(416) 681-3966 or 1-800-725-7172
Email: hybrid@mulvihill.com
Website: www.mulvihill.com

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