Global Healthcare Dividend Fund Update
CALGARY, Feb. 7, 2017 /CNW/ - Middlefield Group, on behalf of Global Healthcare Dividend Fund (the "Fund") (MID 325/327/330/326), is pleased to announce that the Fund is a fully operating open-end mutual fund trust with a simplified prospectus filed in all of the provinces and territories of Canada, allowing unitholders to purchase, redeem and switch Series A & Series F units.
Distributions – The Fund's quarterly distribution of $0.08 per unit, representing an annualized yield of approximately 3%, is the highest of any open-ended healthcare focused Canadian mutual fund that pays a regular distribution. The distribution is supported by healthcare issuers that have exhibited strong cash flows and healthy balance sheets, which supports increases in dividends over time.
Industry Advisor – The Fund continues to benefit from Middlefield's ongoing exclusive relationship with SSR LLC, its healthcare industry advisor. Dr. Richard Evans, SSR's co-founder, is the individual primarily responsible for providing services on behalf of SSR and is the former #1 ranked pharmaceuticals analyst in the U.S.
Performance – Since its inception on October 23, 2014, the Fund has consistently generated returns that have exceeded both the S&P/TSX Composite and MSCI Daily World Gross Health Care indices, as illustrated in the table below.
Fund/Benchmark |
Since Inception |
Global Healthcare Dividend Fund |
12.7% |
MSCI Daily World Gross Health Care Index |
2.1% |
S&P/TSX Composite Index |
6.2% |
Source: Bloomberg, Middlefield. As at December 31, 2016. Figures reflect annualized total returns, net of fees. |
SOURCE Global Healthcare Dividend Fund
For further information on the Fund, please visit our website at www.middlefield.com or contact Nancy Tham or Michael Bury in our Sales and Marketing Department at 1.888.890.1868.
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