CALGARY, March 22, 2013 /CNW/ - Middlefield Group, on behalf of Global
Dividend Growers Income Fund (the "Fund"), is pleased to announce that the Fund has completed its
initial public offering of 6,500,000 units at a price of $10.00 per
unit for gross proceeds of $65 million. The units are listed on the
Toronto Stock Exchange under the symbol GDG.UN.
Global Dividend Growers Income Fund has been 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.
The initial target distribution yield for the Fund is 6.0% per annum
based on the original subscription price (or $0.05 per unit per month
or $0.60 per unit per annum).
Middlefield Capital Corporation will act as the investment advisor to
The syndicate of agents was co-led by CIBC and RBC Capital Markets and
included Scotiabank, TD Securities Inc., BMO Capital Markets, National
Bank Financial Inc., Canaccord Genuity Corp., Macquarie Private Wealth
Inc., Raymond James Ltd., GMP Securities L.P., Mackie Research Capital
Corporation, Middlefield Capital Corporation and Dundee Securities Ltd.
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: Global Dividend Growers Income Fund
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.