Global Healthcare Dividend Fund Announces Exchange Ratios

CALGARY, October 9, 2014 /CNW/ - Middlefield Group, on behalf of Global Healthcare Dividend Fund (the "Fund"), is pleased to announce the exchange ratios for the exchange offer by the Fund (the "Exchange Option") being made under the final prospectus of the Fund dated September 24, 2014.

The Fund's investment objectives are to provide holders of units with:

(i)   stable monthly cash distributions; and

(ii)  long-term total return through distributions and capital appreciation of the Fund's investment portfolio;

by utilizing an investment strategy which combines passive and active portfolio management and focuses on investing in dividend-paying securities of global issuers that derive a significant portion of their revenue or earnings from products or services related to healthcare.

The initial target distribution yield for the Fund is 5.0% per annum based on the original subscription price (or $0.04167 per unit per month or $0.50 per unit per annum).

The number of units issuable for each class of security of an Exchange Eligible Issuer (as listed below) (the "Exchange Ratio") has been determined by dividing the weighted average trading price of such security on the Toronto Stock Exchange (or such other exchange or market on which such security is then listed) during the period of five consecutive trading days ending on October 9, 2014 (the "Pricing Period"), as adjusted to reflect distributions declared by any Exchange Eligible Issuer that will not be received by the Fund, by $10.00. Holders of securities of Exchange Eligible Issuers who deposited such securities pursuant to the Exchange Option will continue to be holders of record up to but not including the date of the closing of the offering of units and will be entitled to receive distributions in respect of such securities of Exchange Eligible Issuers that are declared up to but not including such date. Each Exchange Ratio will be rounded down to five decimal places.

The table below sets out the Exchange Eligible Issuers, the securities of which may be accepted by the Fund pursuant to the Exchange Option, including the name of the Exchange Eligible Issuer, its ticker symbol, its CUSIP number, its ISIN, its volume weighted average trading price during the Pricing Period and the Exchange Ratio.

NAME	TICKER	CUSIP	ISIN	VWAP	EXCHANGE RATIO
Healthcare and Related
Abbott Laboratories	ABT	002824100	US0028241000	46.7651	4.65198
AbbVie Inc.	ABBV	00287Y109	US00287Y1091	64.2551	6.37868
Alaris Royalty Corp.	AD	01163Q400	CA01163Q4007	30.0085	3.00085
Alimentation Couche-Tard Inc.	ATD.B	01626P403	CA01626P4033	35.4962	3.54962
Amgen Inc.	AMGN	031162100	US0311621009	154.0154	15.40154
Amica Mature Lifestyles Inc.	ACC	031498207	CA0314982079	6.9275	0.69275
Bristol-Myers Squibb Co.	BMY	110122108	US1101221083	56.0222	5.60221
Catamaran Corporation	CCT	148887102	CA1488871023	46.7717	4.67717
Celgene Corporation	CELG	151020104	US1510201049	104.5645	10.45644
CGI Group Inc.	GIB.A	39945C109	CA39945C1095	38.2660	3.82660
Chartwell Retirement Residences	CSH.UN	16141A103	CA16141A1030	10.8964	1.08964
Cigna Corp	CI	125509109	US1255091092	100.5235	10.05235
Eli Lilly & Co.	LLY	532457108	US5324571083	72.3541	7.23541
Empire Company Limited	EMP.A	291843407	CA2918434077	76.8680	7.65980
Express Scripts Holding Company	ESRX	30219G108	US30219G1085	78.8502	7.88501
George Weston Limited	WN	961148509	CA9611485090	89.4223	8.94223
Gilead Sciences, Inc.	GILD	375558103	US3755581036	118.3447	11.83447
The Jean Coutu Group (PJC) Inc.	PJC.A	47215Q104	CA47215Q1046	24.5820	2.45820
Johnson & Johnson	JNJ	478160104	US4781601046	115.6220	11.56220
Leisureworld Senior Care Corporation	LW	52542T102	CA52542T1021	13.5295	1.35295
Loblaw Companies Limited	L	539481101	CA5394811015	56.1236	5.61236
Medtronic Inc.	MDT	585055106	US5850551061	72.3326	7.23325
Merck & Co. Inc.	MRK	58933Y105	US58933Y1055	66.3517	6.63517
Metro Inc.	MRU	59162N109	CA59162N1096	75.1987	7.51987
Pfizer Inc.	PFE	717081103	US7170811035	32.4433	3.24432
Regal Lifestyle Communities Inc.	RLC	75882T101	CA75882T1012	8.4143	0.84143
UnitedHealth Group Inc.	UNH	91324P102	US91324P1021	95.2466	9.52465
Zoetis Inc.	ZTS	98978V103	US98978V1035	41.5679	4.15679
Life Insurance and Financials
Bank of Montreal	BMO	063671101	CA0636711016	82.2089	8.22089
The Bank of Nova Scotia	BNS	064149107	CA0641491075	68.6248	6.86248
Brookfield Asset Management Inc.	BAM.A	112585104	CA1125851040	50.0238	5.00238
Canadian Imperial Bank of Commerce	CM	136069101	CA1360691010	100.5431	10.05431
Canadian Western Bank	CWB	13677F101	CA13677F1018	39.2341	3.92341
Great-West Lifeco Inc.	GWO	39138C106	CA39138C1068	31.4573	3.14573
Industrial Alliance Insurance & Financial Services Inc.	IAG	455871103	CA4558711038	44.2616	4.42616
Laurentian Bank of Canada	LB	51925D106	CA51925D1069	48.2705	4.82705
Manulife Financial Corporation	MFC	56501R106	CA56501R1064	21.3746	2.13746
National Bank of Canada	NA	633067103	CA6330671034	51.2346	5.12346
Power Corporation of Canada	POW	739239101	CA7392391016	30.4672	3.04672
Power Financial Corporation	PWF	73927C100	CA73927C1005	33.1732	3.31732
Royal Bank of Canada	RY	780087102	CA7800871021	80.4025	8.04025
Sun Life Financial Inc.	SLF	866796105	CA8667961053	40.0010	4.00010
The Toronto-Dominion Bank	TD	891160509	CA8911605092	54.0659	5.40659
Real Estate
Allied Properties Real Estate Investment Trust	AP.UN	019456102	CA0194561027	34.2981	3.42981
Artis Real Estate Investment Trust	AX.UN	04315L105	CA04315L1058	15.2354	1.52354
Brookfield Property Partners L.P.	BPY.UN	N/A	BMG162491077	23.9955	2.39955
Calloway Real Estate Investment Trust	CWT.UN	131253205	CA1312532056	25.8731	2.58731
Crombie Real Estate Investment Trust	CRR.UN	227107109	CA2271071094	12.8981	1.28981
Dream Global Real Estate Investment Trust	DRG.UN	26154A106	CA26154A1066	9.1106	0.91106
Dream Office Real Estate Investment Trust	D.UN	26153P104	CA26153P1045	27.6433	2.76433
First Capital Realty Inc.	FCR	31943B100	CA31943B1004	17.5811	1.75811
Granite Real Estate Investment Trust	GRT.UN	387437114	CA3874371147	37.8759	3.78759
H&R Real Estate Investment Trust	HR.UN	404428203	CA4044282032	21.7842	2.16717
Pure Industrial Real Estate Trust	AAR.UN	74623T108	CA74623T1084	4.4067	0.44067
RIOCAN Real Estate Investment Trust	REI.UN	766910103	CA7669101031	25.6941	2.56941
Funds
COMPASS Income Fund	CMZ.UN	20450Y108	CA20450Y1088	13.6154	1.36154
ENERGY INDEXPLUS Dividend Fund	IDE.UN	29271G105	CA29271G1054	10.1407	1.01407
INDEXPLUS Income Fund	IDX.UN	45408M104	CA45408M1041	13.5676	1.35676
iShares Global Healthcare Index ETF (CAD-Hedged)	XHC	46431R102	CA46431R1029	37.1911	3.71911
iShares S&P/TSX 60 Index ETF	XIU	46428D108	CA46428D1087	21.3784	2.13784
iShares S&P/TSX Capped REIT Index ETF	XRE	46431D103	CA46431D1033	16.0107	1.60107
SPDR S&P 500 ETF Trust	SPY	78462F103	US78462F1030	217.3941	21.73941
Other
BCE Inc.	BCE	05534B760	CA05534B7604	48.1958	4.81958
Rogers Communications Inc.	RCI.B	775109200	CA7751092007	42.5758	4.25758
Shaw Communications Inc.	SJR.B	82028K200	CA82028K2002	27.5696	2.74779
TELUS Corp.	T	87971M103	CA87971M1032	39.0199	3.90199
Thomson Reuters Corporation	TRI	884903105	CA8849031056	41.5074	4.15074
Tim Hortons Inc.	THI	88706M103	CA88706M1032	88.3333	8.83333

The syndicate of agents is being co-led by CIBC, RBC Capital Markets and Scotiabank and includes BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., GMP Securities L.P., Canaccord Genuity Corp., Raymond James Ltd., Middlefield Capital Corporation, Dundee Securities Ltd., Mackie Research Capital Corporation and Manulife Securities Incorporated.

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 using the contact information for such advisor.  Investors should read the prospectus before making an investment decision.

SOURCE: Global Healthcare Dividend 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.