Global Real Estate Dividend Growers Corp. files Preliminary Prospectus

CALGARY, May 28, 2015 /CNW/ - Middlefield Group, on behalf of Global Real Estate Dividend Growers Corp. (the "Fund"), is pleased to announce that it has filed a preliminary prospectus in relation to an initial public offering of shares at a price of $10.00 per equity share.

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

(i) stable monthly cash distributions and to grow distributions over time, and

(ii) enhanced long-term total return through capital appreciation of the Fund's investment portfolio,

through an investment strategy which focuses primarily on investing in securities of issuers operating in the global real estate sector and related industries and that have exhibited sustainable 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 share per month or $0.60 per share per annum).

Middlefield Capital Corporation, the advisor, will provide investment management advice to the Fund.

Middlefield Limited, the manager, intends that on or about December 15, 2017, the Fund will, subject to applicable law, merge on a tax-deferred basis with Middlefield Real Estate Class, an open-end mutual fund.

Prospective purchasers investing in Global Real Estate Dividend Growers Corp. have the option of paying for shares in cash or by exchanging securities of issuers listed in the preliminary prospectus. Prospective purchasers under the exchange option are required to deposit their exchange eligible securities prior to 5:00 p.m. (Toronto time) on June 18, 2015 in the manner described in the preliminary prospectus.

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

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any of the agents named above using the contact information for such agent. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

SOURCE Global Real Estate Dividend Growers Corp.

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.