Global Dividend Fund announces TSX delisting review update

TORONTO, Feb. 11, 2016 /CNW/ - Global Dividend Fund (TSX: GDP.UN) ( the "Fund"). The Fund is continuing to explore issuing units in the Fund on a private placement basis in order to meet the Continued Listing Requirements of TSX, an orderly wind-up of the Fund, and listing on another Canadian stock exchange. The Fund still does not satisfy TSX listing requirements as specified in the Fund's January 11, 2016 news release. The Fund has been notified by the TSX that it expects to grant a 21 day extension shortly, beyond the previously announced decision date of February 11, 2016, to the delisting review period. It is unlikely the Fund will seek any further TSX extensions.

There is no certainty that any of the outcomes referenced above will be achieved and the Fund will update unit holders in a timely manner on further developments.

SOURCE Global Dividend Fund

Daniel Shapiro, Global Dividend Fund, [phone]