Globalance Dividend Growers Corp. Announces Exchange Ratios

CALGARY, Oct. 9, 2015 /CNW/ - Middlefield Group, on behalf of Globalance Dividend Growers Corp. (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 28, 2015.

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 global issuers that exhibit sustainable dividend growth, supplemented by investments in investment grade fixed income securities to seek to reduce overall portfolio volatility.

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

The number of shares 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, 2015 (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 shares 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
Financials and Real Estate Securities
Alaris Royalty Corp.	AD	01163Q400	CA01163Q4007	27.4292	2.74292
American Express Co.	AXP	025816109	US0258161092	99.6788	9.96787
American Hotel Income Properties REIT LP	HOT.UN	026695106	CA0266951064	9.9938	0.99938
Bank of Montreal	BMO	063671101	CA0636711016	74.9339	7.49339
Bank of Nova Scotia	BNS	064149107	CA0641491075	59.6557	5.96557
Canadian Imperial Bank of Commerce	CM	136069101	CA1360691010	98.9056	9.89056
Canadian REIT	REF.UN	13650J104	CA13650J1049	41.6895	4.16895
CI Financial Corp.	CIX	125491100	CA1254911003	31.6186	3.16186
Dream Office REIT	D.UN	26153P104	CA26153P1045	21.5037	2.15037
First Capital Realty Inc.	FCR	31943B100	CA31943B1004	18.9496	1.89496
Genworth MI Canada Inc.	MIC	37252B102	CA37252B1022	30.1282	3.01282
Goldman Sachs Group Inc.	GS	38141G104	US38141G1040	233.7404	23.37404
Intact Financial Corp.	IFC	45823T106	CA45823T1066	92.3208	9.23208
Manulife Financial Corp.	MFC	56501R106	CA56501R1064	21.1934	2.11934
National Bank of Canada	NA	633067103	CA6330671034	41.9326	4.19326
Northern Property REIT	NPR.UN	665624110	CA6656241107	20.2398	2.02398
Power Corp of Canada	POW	739239101	CA7392391016	28.6971	2.86971
Power Financial Corp.	PWF	73927C100	CA73927C1005	31.7380	3.17380
Royal Bank of Canada	RY	780087102	CA7800871021	73.5893	7.35893
Sun Life Financial Inc.	SLF	866796105	CA8667961053	44.1121	4.41121
Toronto-Dominion Bank	TD	891160509	CA8911605092	53.0528	5.30528
Travelers Companies Inc.	TRV	89417E109	US89417E1091	132.1041	13.21040
Consumer Securities
Aimia Inc.	AIM	00900Q103	CA00900Q1037	12.1195	1.21195
Coca-Cola Co.	KO	191216100	US1912161007	53.6012	5.36012
Corus Entertainment Inc.	CJR.B	220874101	CA2208741017	14.0483	1.39533
Dorel Industries Inc.	DII.B	25822C205	CA25822C2058	31.8993	3.18993
McDonald's Corp.	MCD	580135101	US5801351017	131.9832	13.19831
Procter & Gamble Co.	PG	742718109	US7427181091	95.3698	9.53698
Wal-Mart Stores Inc.	WMT	931142103	US9311421039	85.6413	8.56412
Walt Disney Co.	DIS	254687106	US2546871060	134.7264	13.47264
Technology and Telecommunication Securities
Apple Inc.	AAPL	037833100	US0378331005	142.8519	14.28518
AT&T Inc.	T	00206R102	US00206R1023	43.0401	4.30401
Cisco Systems Inc.	CSCO	17275R102	US17275R1023	35.4450	3.54449
Intel Corp.	INTC	458140100	US4581401001	41.2057	4.12056
International Business Machine	IBM	459200101	US4592001014	194.5617	19.45616
Microsoft Corp.	MSFT	594918104	US5949181045	60.6208	6.06208
Verizon Communications Inc.	VZ	92343V104	US92343V1044	56.9176	5.69176
Visa Inc.	V	92826C839	US92826C8394	94.2400	9.42400
Energy Infrastructure and Utilities Securities
Capital Power Corp.	CPX	14042M102	CA14042M1023	19.5738	1.95738
Enbridge Income Fund Holdings Inc.	ENF	29251R105	CA29251R1055	34.6214	3.46214
Gibson Energy Inc.	GEI	374825206	CA3748252069	19.6917	1.96917
Inter Pipeline Ltd.	IPL	45833V109	CA45833V1094	25.5454	2.54229
Pembina Pipeline Corp.	PPL	706327103	CA7063271034	35.3304	3.53304
TransAlta Corp.	TA	89346D107	CA89346D1078	6.9312	0.69312
Veresen Inc.	VSN	92340R106	CA92340R1064	11.3287	1.13287
Other Dividend Paying Securities
3M Co.	MMM	88579Y101	US88579Y1010	190.7677	19.07677
ARC Resources Ltd.	ARX	00208D408	CA00208D4084	21.2130	2.12130
Boeing Co.	BA	097023105	US0970231058	176.1342	17.61342
Bonavista Energy Corp.	BNP	09784Y108	CA09784Y1088	3.8374	0.38374
Bonterra Energy Corp.	BNE	098546104	CA0985461049	23.9516	2.38016
Canadian Natural Resources Ltd.	CNQ	136385101	CA1363851017	30.6879	3.06879
Canadian Oil Sands Ltd.	COS	13643E105	CA13643E1051	9.3844	0.93844
Caterpillar Inc.	CAT	149123101	US1491231015	90.8889	9.08889
Cenovus Energy Inc.	CVE	15135U109	CA15135U1093	21.4756	2.14756
Crescent Point Energy Corp.	CPG	22576C101	CA22576C1014	19.2875	1.92875
EI du Pont de Nemours & Co.	DD	263534109	US2635341090	71.8377	7.18377
Encana Corp.	ECA	292505104	CA2925051047	10.9366	1.09366
Enerplus Corp.	ERF	292766102	CA2927661025	7.9542	0.79542
Freehold Royalties Ltd.	FRU	356500108	CA3565001086	12.5076	1.25076
General Electric Co.	GE	369604103	US3696041033	35.3847	3.53846
iShares Core S&P/TSX Capped Composite Index ETF	XIC	46430J101	CA46430J1012	21.8315	2.18315
iShares S&P/TSX 60 Index ETF	XIU	46428D108	CA46428D1087	20.3500	2.03500
Johnson & Johnson	JNJ	478160104	US4781601046	122.3880	12.23879
Labrador Iron Ore Royalty Corp.	LIF	505440107	CA5054401073	15.9986	1.59986
Merck & Co Inc.	MRK	58933Y105	US58933Y1055	65.5861	6.55861
Mullen Group Ltd.	MTL	625284104	CA6252841045	18.9501	1.89501
Pfizer Inc.	PFE	717081103	US7170811035	42.7999	4.27998
Potash Corp of Saskatchewan Inc.	POT	73755L107	CA73755L1076	28.1326	2.77526
Russel Metals Inc.	RUS	781903604	CA7819036046	22.4099	2.24099
ShawCor Ltd.	SCL	820439107	CA8204391079	30.5906	3.05906
United Technologies Corp.	UTX	913017109	US9130171096	120.8627	12.08626
Vermilion Energy Inc.	VET	923725105	CA9237251058	47.7239	4.75089
Westshore Terminals Investment Corp.	WTE	96145A200	CA96145A2002	27.2616	2.72616
Whitecap Resources Inc.	WCP	96467A200	CA96467A2002	13.0614	1.30614
Preferred Securities
Bank of Nova Scotia	BNS.PR.Z	064149610	CA0641496108	19.3680	1.93679
BCE Inc.	BCE.PR.K	05534B679	CA05534B6796	13.8940	1.38940
BCE Inc.	BCE.PR.M	05534B646	CA05534B6465	15.2985	1.52984
BCE Inc.	BCE.PR.Q	05534B596	CA05534B5962	18.2953	1.82952
Brookfield Asset Management Inc.	BAM.PF.A	112585641	CA1125856411	18.6910	1.86909
Brookfield Office Properties Inc.	BPO.PR.A	112900683	CA1129006831	17.9121	1.79121
Brookfield Office Properties Inc.	BPO.PR.N	112900832	CA1129008324	15.9619	1.59619
Brookfield Office Properties Inc.	BPO.PR.P	112900816	CA1129008167	16.5302	1.65302
Brookfield Renewable Power Preferred Equity Inc.	BRF.PR.C	11283Q404	CA11283Q4043	17.0104	1.67353
Canadian Utilities Ltd.	CU.PR.C	136717691	CA1367176916	18.8493	1.88493
Enbridge Inc.	ENB.PR.B	29250N709	CA29250N7099	14.0516	1.40515
Enbridge Inc.	ENB.PF.C	29250N592	CA29250N5929	16.9482	1.69482
Enbridge Inc.	ENB.PR.D	29250N881	CA29250N8816	14.2618	1.42618
Enbridge Inc.	ENB.PR.F	29250N865	CA29250N8659	14.9697	1.49697
Enbridge Inc.	ENB.PR.N	29250N774	CA29250N7743	15.9233	1.59232
Enbridge Inc.	ENB.PR.Y	29250N683	CA29250N6836	15.1157	1.51157
Fairfax Financial Holdings Ltd.	FFH.PR.I	303901847	CA3039018476	15.2057	1.52057
Fortis Inc.	FTS.PR.M	349553768	CA3495537688	18.2891	1.82891
Husky Energy Inc.	HSE.PR.A	448055202	CA4480552021	13.4635	1.34635
Husky Energy Inc.	HSE.PR.C	448055400	CA4480554001	21.1261	2.11260
Intact Financial Corp.	IFC.PR.C	45823T601	CA45823T6016	19.0866	1.90865
Manulife Financial Corp.	MFC.PR.M	56501R692	CA56501R6923	19.3722	1.93722
Sun Life Financial Inc.	SLF.PR.I	866796832	CA8667968322	19.2962	1.92961
TransCanada Corp.	TRP.PR.C	89353D701	CA89353D7018	11.9000	1.18999
TransCanada Corp.	TRP.PR.D	89353D883	CA89353D8834	16.3762	1.63761
TransCanada Corp.	TRP.PR.E	89353D867	CA89353D8677	16.8935	1.68934

The syndicate of agents is being co-led by CIBC and RBC Capital Markets and includes Scotiabank, 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, Manulife Securities Incorporated and Middlefield Capital Corporation.

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 Globalance 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