Middlefield Healthcare & Wellness Dividend Fund Announces Exchange Ratios
CALGARY, Oct. 6, 2016 /CNW/ - Middlefield Group, on behalf of Middlefield Healthcare & Wellness Dividend 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 September 20, 2016.
The Fund's investment objectives are to provide holders of units of the Fund ("Units") with:
(i) stable monthly cash distributions, and
(ii) enhanced long-term total return through capital appreciation of the Fund's investment portfolio.
The Fund's investment strategy will focus on investing in securities of issuers operating in or that derive a significant portion of their earnings or revenue from products or services related to the healthcare, wellness and related industries.
The initial target distribution yield for the Fund is 5% per annum based on the original subscription price (or $0.04167 per Unit per month or $0.50 per Unit per annum).
The number of Units 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 6, 2016 (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. The Exchange Ratio for any such securities that do not trade in Canadian dollars was determined by converting the weighted average trading price on the applicable exchange of such securities into Canadian dollars based on today's Bank of Canada noon rate of exchange. 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 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 |
Healthcare |
|||||
Abbott Laboratories |
ABT |
002824100 |
US0028241000 |
56.0848 |
5.57413 |
AbbVie Inc. |
ABBV |
00287Y109 |
US00287Y1091 |
83.2307 |
8.24776 |
Aetna Inc. |
AET |
00817Y108 |
US00817Y1082 |
151.6302 |
15.12999 |
Agilent Technologies Inc. |
A |
00846U101 |
US00846U1016 |
62.1515 |
6.21514 |
Alexion Pharmaceuticals Inc. |
ALXN |
015351109 |
US0153511094 |
162.4722 |
16.24721 |
AmerisourceBergen Corporation |
ABC |
03073E105 |
US03073E1055 |
106.1227 |
10.61226 |
Amgen Inc. |
AMGN |
031162100 |
US0311621009 |
220.6503 |
22.06503 |
Anthem Inc. |
ANTM |
036752103 |
US0367521038 |
162.7313 |
16.27313 |
Baxter International Inc. |
BAX |
071813109 |
US0718131099 |
62.9627 |
6.29626 |
Becton, Dickinson and Company |
BDX |
075887109 |
US0758871091 |
234.6327 |
23.46327 |
Biogen Inc. |
BIIB |
09062X103 |
US09062X1037 |
410.4467 |
41.04467 |
Boston Scientific Corporation |
BSX |
101137107 |
US1011371077 |
31.0206 |
3.10206 |
Bristol-Myers Squibb Company |
BMY |
110122108 |
US1101221083 |
72.2793 |
7.17773 |
Celgene Corporation |
CELG |
151020104 |
US1510201049 |
138.0164 |
13.80163 |
Chartwell Retirement Residences |
CSH.UN |
16141A103 |
CA16141A1030 |
15.7711 |
1.57711 |
Cigna Corporation |
CI |
125509109 |
US1255091092 |
169.8027 |
16.98026 |
CR Bard Inc. |
BCR |
067383109 |
US0673831097 |
293.7154 |
29.37153 |
Eli Lilly & Company |
LLY |
532457108 |
US5324571083 |
106.9209 |
10.69209 |
Extendicare Inc. |
EXE |
30224T863 |
CA30224T8639 |
9.3808 |
0.93808 |
Gilead Sciences Inc. |
GILD |
375558103 |
US3755581036 |
102.6478 |
10.26477 |
Illumina Inc. |
ILMN |
452327109 |
US4523271090 |
241.4369 |
24.14369 |
Johnson & Johnson |
JNJ |
478160104 |
US4781601046 |
156.5875 |
15.65875 |
McKesson Corporation |
MCK |
58155Q103 |
US58155Q1031 |
218.5049 |
21.85048 |
Medical Facilities Corporation |
DR |
58457V503 |
CA58457V5036 |
22.0228 |
2.20228 |
Merck & Co Inc. |
MRK |
58933Y105 |
US58933Y1055 |
82.5106 |
8.25105 |
PDL BioPharma Inc. |
PDLI |
69329Y104 |
US69329Y1047 |
4.3652 |
0.43652 |
Pfizer Inc. |
PFE |
717081103 |
US7170811035 |
44.5741 |
4.45741 |
Regeneron Pharmaceuticals, Inc. |
REGN |
75886F107 |
US75886F1075 |
524.6662 |
52.46661 |
Sienna Senior Living Inc. |
SIA |
82621K102 |
CA82621K1021 |
16.7741 |
1.67741 |
Thermo Fisher Scientific Inc. |
TMO |
883556102 |
US8835561023 |
209.1136 |
20.91136 |
UnitedHealth Group Inc. |
UNH |
91324P102 |
US91324P1021 |
182.3462 |
18.23462 |
Walgreens Boots Alliance Inc. |
WBA |
931427108 |
US9314271084 |
106.1779 |
10.61778 |
Wellness |
|||||
adidas AG |
ADDYY |
00687A107 |
US00687A1079 |
115.0406 |
11.50406 |
Ag Growth International Inc. |
AFN |
001181106 |
CA0011811068 |
44.5589 |
4.45589 |
Agrium Inc. |
AGU |
008916108 |
CA0089161081 |
118.3243 |
11.83243 |
AGT Food & Ingredients Inc. |
AGT |
001264100 |
CA0012641001 |
37.5919 |
3.75919 |
Archer-Daniels-Midland Company |
ADM |
039483102 |
US0394831020 |
56.5232 |
5.65232 |
Cedar Fair L.P. |
FUN |
150185106 |
US1501851067 |
76.0477 |
7.60477 |
CF Industries Holdings Inc. |
CF |
125269100 |
US1252691001 |
32.2887 |
3.22886 |
Columbia Sportswear Company |
COLM |
198516106 |
US1985161066 |
74.8945 |
7.48944 |
Deere & Company |
DE |
244199105 |
US2441991054 |
112.6170 |
11.26169 |
Empire Company Limited |
EMP.A |
291843407 |
CA2918434077 |
19.4974 |
1.93949 |
Foot Locker, Inc. |
FL |
344849104 |
US3448491049 |
89.3666 |
8.90032 |
General Mills Inc. |
GIS |
370334104 |
US3703341046 |
83.3020 |
8.26679 |
Gildan Activewear Inc. |
GIL |
375916103 |
CA3759161035 |
36.4672 |
3.64672 |
HCP, Inc. |
HCP |
40414L109 |
US40414L1098 |
49.1160 |
4.91159 |
Hormel Foods Corporation |
HRL |
440452100 |
US4404521001 |
49.5318 |
4.95318 |
Kellogg Company |
K |
487836108 |
US4878361082 |
101.1071 |
10.11070 |
Kohl's Corporation |
KSS |
500255104 |
US5002551043 |
57.9306 |
5.79306 |
lululemon athletica Inc. |
LULU |
550021109 |
US5500211090 |
79.0361 |
7.90360 |
Medical Properties Trust Inc. |
MPW |
58463J304 |
US58463J3041 |
19.1277 |
1.91276 |
Mondelez International Inc. |
MDLZ |
609207105 |
US6092071058 |
57.4614 |
5.74613 |
Monsanto Company |
MON |
61166W101 |
US61166W1018 |
135.5843 |
13.48709 |
The Mosaic Company |
MOS |
61945C103 |
US61945C1036 |
32.7305 |
3.27305 |
NIKE Inc. |
NKE |
654106103 |
US6541061031 |
69.3118 |
6.93118 |
NorthWest Healthcare Properties Real Estate Investment Fund |
NWH.UN |
667495105 |
CA6674951059 |
10.2872 |
1.02872 |
Potash Corporation of Saskatchewan Inc. |
POT |
73755L107 |
CA73755L1076 |
21.2983 |
2.11983 |
The Procter & Gamble Company |
PG |
742718109 |
US7427181091 |
117.6097 |
11.76096 |
Sabra Health Care REIT, Inc. |
SBRA |
78573L106 |
US78573L1061 |
32.3753 |
3.23753 |
Senior Housing Properties Trust |
SNH |
81721M109 |
US81721M1099 |
29.0123 |
2.90123 |
Six Flags Entertainment Corporation |
SIX |
83001A102 |
US83001A1025 |
70.8818 |
7.08818 |
Tyson Foods Inc. |
TSN |
902494103 |
US9024941034 |
98.0988 |
9.80987 |
WebMD Health Corp. |
WBMD |
94770V102 |
US94770V1026 |
65.8878 |
6.58877 |
Whole Foods Market Inc. |
WFM |
966837106 |
US9668371068 |
37.7963 |
3.77963 |
Other |
|||||
Algonquin Power & Utilities Corp. |
AQN |
15857105 |
CA0158571053 |
11.5478 |
1.15478 |
Algonquin Power & Utilities Corp Instalment Receipts |
AQN.IR |
015857AE5 |
CA015857AE57 |
40.4785 |
40.76620* |
AltaGas Ltd. |
ALA |
021361100 |
CA0213611001 |
33.3905 |
3.33905 |
ARC Resources Ltd. |
ARX |
00208D408 |
CA00208D4084 |
23.8826 |
2.38826 |
Bank of Montreal |
BMO |
063671101 |
CA0636711016 |
84.6419 |
8.46419 |
Bank of Nova Scotia,The |
BNS |
064149107 |
CA0641491075 |
69.5043 |
6.95043 |
BCE Inc. |
BCE |
05534B760 |
CA05534B7604 |
60.2529 |
6.02529 |
Bonavista Energy Corporation |
BNP |
09784Y108 |
CA09784Y1088 |
4.2719 |
0.42719 |
Canadian Apartment Properties Real Estate Investment Fund |
CAR.UN |
134921105 |
CA1349211054 |
29.2987 |
2.92987 |
Canadian Imperial Bank of Commerce |
CM |
136069101 |
CA1360691010 |
100.7775 |
10.07775 |
Canadian Utilities Limited Cumulative Redeemable Second Preferred Shares Series Y |
CU.PR.C |
136717691 |
CA1367176916 |
18.3020 |
1.83020 |
CI Financial Corp. |
CIX |
125491100 |
CA1254911003 |
24.9112 |
2.49112 |
Cominar Real Estate Investment Fund |
CUF.UN |
199910100 |
CA1999101001 |
14.7365 |
1.47365 |
Crescent Point Energy Corporation |
CPG |
22576C101 |
CA22576C1014 |
17.8214 |
1.78214 |
Crombie Real Estate Investment Fund |
CRR.UN |
227107109 |
CA2271071094 |
13.8524 |
1.38524 |
Dream Global Real Estate Investment Fund |
DRG.UN |
26154A106 |
CA26154A1066 |
8.8574 |
0.88574 |
Dream Office Real Estate Investment Fund |
D.UN |
26153P104 |
CA26153P1045 |
16.7327 |
1.67327 |
Emera Incorporated |
EMA |
290876101 |
CA2908761018 |
46.3783 |
4.63783 |
Enbridge Inc. |
ENB |
29250N105 |
CA29250N1050 |
57.6316 |
5.76316 |
Enbridge Inc. Cumulative Redeemable Preference Shares Series 3 |
ENB.PR.Y |
29250N683 |
CA29250N6836 |
15.5521 |
1.55521 |
Enbridge Inc. Cumulative Redeemable Preference Shares Series B |
ENB.PR.B |
29250N709 |
CA29250N7099 |
14.7343 |
1.47343 |
Enbridge Inc. Cumulative Redeemable Preference Shares Series D |
ENB.PR.D |
29250N881 |
CA29250N8816 |
14.9646 |
1.49646 |
Enbridge Inc. Cumulative Redeemable Preference Shares Series R |
ENB.PR.T |
29250N733 |
CA29250N7339 |
15.7606 |
1.57605 |
Enbridge Income Fund Holdings Inc. |
ENF |
29251R105 |
CA29251R1055 |
33.9813 |
3.39813 |
First Capital Realty Inc. |
FCR |
31943B100 |
CA31943B1004 |
21.8252 |
2.18252 |
Fortis Inc. |
FTS |
349553107 |
CA3495531079 |
41.3299 |
4.13299 |
Fortis Inc. Cumulative Redeemable Fixed Rate Reset First Preference Shares Series K |
FTS.PR.K |
349553784 |
CA3495537845 |
17.8031 |
1.78030 |
H&R Real Estate Investment Fund |
HR.UN |
404428203 |
CA4044282032 |
21.8402 |
2.17277 |
Inter Pipeline Ltd. |
IPL |
45833V109 |
CA45833V1094 |
27.7803 |
2.77803 |
Manulife Financial Corporation |
MFC |
56501R106 |
CA56501R1064 |
18.7842 |
1.87842 |
National Bank of Canada |
NA |
633067103 |
CA6330671034 |
46.3324 |
4.63324 |
Pembina Pipeline Corporation |
PPL |
706327103 |
CA7063271034 |
40.1434 |
4.01434 |
Pembina Pipeline Corporation Cumulative Redeemable Rate Reset Class A Preferred Shares Series 1 |
PPL.PR.A |
706327202 |
CA7063272024 |
16.4189 |
1.64189 |
Power Financial Corporation |
PWF |
73927C100 |
CA73927C1005 |
30.4079 |
3.04079 |
RioCan Real Estate Investment Fund |
REI.UN |
766910103 |
CA7669101031 |
26.3948 |
2.63948 |
Royal Bank of Canada |
RY |
780087102 |
CA7800871021 |
81.4730 |
8.14730 |
Smart Real Estate Investment Fund. |
SRU.UN |
131253205 |
CA1312532056 |
34.7535 |
3.47535 |
Sun Life Financial Inc. |
SLF |
866796105 |
CA8667961053 |
42.9101 |
4.29101 |
Suncor Energy Inc. |
SU |
867224107 |
CA8672241079 |
36.5957 |
3.65957 |
TELUS Corporation |
T |
87971M103 |
CA87971M1032 |
43.1272 |
4.31272 |
The Toronto-Dominion Bank |
TD |
891160509 |
CA8911605092 |
58.2925 |
5.77425 |
TransCanada Corporation |
TRP |
89353D107 |
CA89353D1078 |
62.1974 |
6.21974 |
TransCanada Corporation Cumulative Redeemable First Preferred Shares Series 7 |
TRP.PR.D |
89353D883 |
CA89353D8834 |
17.9378 |
1.79377 |
Veresen Inc. |
VSN |
92340R106 |
CA92340R1064 |
13.3189 |
1.33189 |
*Based on an exchange per $1,000 of face value
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 Middlefield Healthcare & Wellness Dividend 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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