Middlefield Can-Global REIT Income Fund Announces Exchange Ratios

CALGARY, Nov. 9, 2012 /CNW/ - Middlefield Group, on behalf of Middlefield Can-Global REIT Income 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 October 26, 2012.

The Fund's investment objectives are to:

(i) provide holders of units of the Fund (the "Units") with stable monthly cash distributions, and

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

through an investment strategy which is focused on primarily equity-based securities of issuers operating in the Canadian and global real estate sectors utilizing active and low-cost passive portfolio management.

The initial target distribution yield for the Fund is expected to be 6.5% per annum based on the original subscription price (or $0.05416 per Unit per month or $0.65 per Unit per annum).

Middlefield Capital Corporation will act as the investment advisor to the Fund.

The number of Units issuable for each class of security of an Exchange Eligible Issuer (as listed below) (the "Exchange Ratio") has been determined for common shares and income trust units, 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 November 9, 2012 (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 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 Ratios.

Name			Ticker			CUSIP			ISIN			VWAP			Exchange Ratio
Allied Properties Real Estate Investment Trust			AP-U			019456102			CA0194561027			31.5559			3.15559
Artis Real Estate Investment Trust			AX-U			04315L105			CA04315L1058			16.0229			1.60229
Boardwalk Real Estate Investment Trust			BEI-U			096631106			CA0966311064			63.1174			6.31174
Brookfield Canada Office Properties			BOX-U			112823109			CA1128231091			29.1442			2.91442
Brookfield Office Properties Inc.			BPO			112900105			CA1129001055			16.2494			1.62494
Calloway Real Estate Investment Trust			CWT-U			131253205			CA1312532056			28.9284			2.89284
Canadian Apartment Properties Real Estate Investment Trust			CAR-U			134921105			CA1349211054			23.8846			2.38846
Canadian Real Estate Investment Trust			REF-U			13650J104			CA13650J1049			40.9844			4.09844
Chartwell Seniors Housing Real Estate Investment Trust			CSH-U			16140U100			CA16140U1003			10.1170			1.01170
Cominar Real Estate Investment Trust			CUF-U			199910100			CA1999101001			23.2139			2.32139
Crombie Real Estate Investment Trust			CRR-U			227107109			CA2271071094			14.9312			1.49312
Dundee Industrial Real Estate Investment Trust			DIR-U			26518K105			CA26518K1057			11.0020			1.10020
Dundee International Real Estate Investment Trust			DI-U			26518R209			CA26518R2090			10.8593			1.08593
Dundee Real Estate Investment Trust			D-U			265270207			CA2652702077			35.8080			3.58080
Extendicare Inc.			EXE			30224T863			CA30224T8639			7.7471			0.77471
First Capital Realty Inc.			FCR			31943B100			CA31943B1004			18.3920			1.83920
H&R Real Estate Investment Trust			HR-U			404428203			CA4044282032			24.0702			2.39660
HealthLease Properties Real Estate Investment Trust			HLP-U			422239103			CA4222391035			11.3191			1.13191
InnVest Real Estate Investment Trust			INN-U			45771T132			CA45771T1324			4.6134			0.46134
iShares S&P/TSX Capped REIT Index Fund			XRE			46431D103			CA46431D1033			16.6699			1.66699
Killam Properties Inc.			KMP			494104870			CA4941048700			12.6472			1.26472
NorthWest Healthcare Properties Real Estate Investment Trust			NWH-U			667495105			CA6674951059			12.8793			1.28793
Primaris Retail Real Estate Investment Trust			PMZ-U			74157U109			CA74157U1093			23.1827			2.31827
Pure Industrial Real Estate Trust			AAR-U			74623T108			CA74623T1084			4.8342			0.48342
RioCan Real Estate Investment Trust			REI-U			766910103			CA7669101031			26.9397			2.69397

The syndicate of agents is being co-led by CIBC and RBC Capital Markets and includes BMO Capital Markets, National Bank Financial Inc., Scotiabank, TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Macquarie Private Wealth Inc., Raymond James Ltd., Middlefield Capital Corporation, Dundee Securities Ltd. and Mackie Research 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.  Investors should read the prospectus before making an investment decision.

SOURCE: Middlefield Can-Global REIT Income 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.