Rollover of MRF 2011 Resource Limited Partnership Assets

Dissolution Date March 12, 2013

CALGARY, Feb. 25, 2013 /CNW/ - Middlefield Mutual Funds Limited announced today that, in connection with the planned dissolution of MRF 2011 Resource Limited Partnership ("MRF 2011" or the "Partnership", CUSIP: 55347L109) on March 12, 2013, it is proposing to transfer all of the assets of MRF 2011 to the Income Plus Class (MID 800) of Middlefield Mutual Funds Limited in exchange for mutual fund shares having the same aggregate net asset value as that of the Partnership. Appropriate elections under applicable income tax legislation will be made to effect the transfer on a tax-deferred basis.

Upon dissolution, investors will be able to redeem their Income Plus Class (MID 800) shares, retain them for longer-term growth or switch tax-free into any of the other Middlefield Mutual Fund classes. Remaining invested in the mutual fund avoids incurring the capital gains tax liability that arises upon redemption of the mutual fund shares.

The objective of Income Plus is to provide a stable level of income while emphasizing capital preservation. The Fund invests in a diversified portfolio of fixed-income and dividend paying equity securities. As at January 31, 2013, Income Plus (MID 800) generated annualized total returns for the one, three, five and ten year periods of 3.4%, 7.3%, 7.8% and 9.5%, respectively as well as an annualized total return of 9.8% since inception in September 2000. In addition, Income Plus received the 2012 Lipper Fund Award for the #1 balanced mutual fund over the three and ten year periods.

The dissolution will provide investors in the Partnership with liquidity and the ability to diversify their holdings by participating in a large, multi-class mutual fund family. There are nine available asset classes providing significant flexibility to suit numerous investment objectives including income, growth and safety of capital. In addition to Income Plus, the other classes currently offered are Groppe Tactical Energy, ActiveIndex REIT, Precious Metals, Canadian High Yield, Canadian Dividend Growth, Global Agriculture, Uranium Focused Metals and Short-Term Income. Investors should consult their advisors to determine the strategy that is most suitable for them for the achievement of their own personal needs and objectives.

In addition, Middlefield Group is pleased to announce that it has filed a prospectus relating to the initial public offering of MRF 2013 Resource Limited Partnership units. The offering is being made in each of the provinces and territories of Canada and is expected to close in mid-March 2013.

The indicated returns are annualized compound total returns based on net asset value for the periods ended January 31, 2013 and are unaudited. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.  Please read the prospectus before investing.  Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Certain statements included in this press release constitute forward-looking statements.  The forward-looking statements are not historical facts but reflect Middlefield's current expectations regarding future results or events.  These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations.  Forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein.


SOURCE: MRF 2011 Resource Limited Partnership

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.

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MRF 2011 Resource Limited Partnership

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