Globalance Dividend Growers Corp. Files Final Prospectus

MAXIMUM $125 MILLION – CLOSING OCTOBER 23, 2015

CALGARY, Sept. 29, 2015 /CNW/ - Middlefield Group, on behalf of Globalance Dividend Growers Corp. (the "Fund"), is pleased to announce that it has filed a final prospectus in relation to an initial public offering of shares at a price of $10.00 per equity share. The maximum amount of the offering is $125 million.

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).

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

Middlefield Limited, the manager, intends that on or about June 15, 2018, the Fund will, subject to applicable law, merge on a tax-deferred basis into an open-end mutual fund managed by the manager or an affiliate which the manager determines has substantially similar investment objectives.

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.