Global Dividend Growers Income Fund Files Final Prospectus
Maximum $100 million - Closing March 22, 2013
CALGARY, Feb. 27, 2013 /CNW/ - Middlefield Group, on behalf of Global Dividend Growers Income Fund (the "Fund"), is pleased to announce that it has filed a final prospectus in relation to an initial public offering of units at a price of $10.00 per unit.
Global Dividend Growers Income Fund has been designed to provide investors with a low-cost investment in global issuers that have exhibited a history of strong dividend growth.
A portion of the Fund's assets will be invested in an equally-weighted passively managed portfolio consisting of the equity securities of the 20 largest publicly-listed issuers by market capitalization globally which have exhibited cumulative dividend growth of at least 10% over the last five years as well as an indicated dividend yield of at least 3%. The remainder of the Fund's assets will be invested in an actively managed diversified portfolio primarily comprised of securities of global issuers which have exhibited strong dividend growth or which the investment advisor believes will be high-performing or otherwise represent attractive investment opportunities for Global Dividend Growers Income Fund.
The Fund's investment objectives are to:
(i) provide holders of units with stable monthly cash distributions and to grow distributions over time, and
(ii) enhance long-term total return through capital appreciation of the Fund's investment portfolio,
through an investment strategy which combines passive and active portfolio management and entails investing primarily in securities of global, including Canadian and U.S., issuers which have exhibited strong dividend growth.
The initial target distribution yield for the Fund is 6.0% per annum based on the original subscription price (or $0.05 per unit per month or $0.60 per unit per annum).
Middlefield Capital Corporation will act as the investment advisor to the Fund.
The syndicate of agents is being co-led by CIBC and RBC Capital Markets and includes Scotiabank, TD Securities Inc., BMO Capital Markets, National Bank Financial Inc., Canaccord Genuity Corp., Macquarie Private Wealth Inc., Raymond James Ltd., GMP Securities L.P., Mackie Research Capital Corporation, Middlefield Capital Corporation and Dundee Securities Ltd.
This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from your IIROC registered financial advisor. Investors should read the prospectus before making an investment decision.
SOURCE: Global Dividend Growers Income Fund
please visit our website at www.middlefield.com or contact Nancy Tham, Managing Director, Sales and Marketing, at 416.847.5349 or 1.888.890.1868.
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