Global Dividend Growers Income Fund Announces Pricing of Treasury Offering

CALGARY, March 12, 2014 /CNW/ - Middlefield Group, on behalf of Global Dividend Growers Income Fund (the "Fund"), is pleased to announce that it has established the price for its previously announced treasury offering of units of the Fund at $11.48 per unit. The offering price was established so as to be at least equal to the net asset value per unit plus expenses of the offering, determined as of yesterday and prior to today's pricing of the offering, in order to ensure that existing unitholders are not diluted.

Global Dividend Growers Income Fund is designed to provide investors with a low-cost investment in global issuers that have exhibited a history of strong dividend growth.

The Fund's investment objectives are to:

(i) provide holders of units with stable monthly cash distributions and to grow distributions over time, and

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

through an investment strategy which combines passive and active portfolio management and entails investing primarily in securities of global, including Canadian and U.S., issuers which have exhibited strong dividend growth.

Middlefield Capital Corporation acts as the investment advisor to the Fund.

Units trade under the TSX symbol "GDG.UN".

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

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

SOURCE Global Dividend Growers Income Fund

For further information:

For further information, 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.