A diversified, actively managed portfolio comprised primarily of
dividend-paying securities with a focus on the U.S. Core Sectors
CALGARY, Nov. 28, 2013 /CNW/ - Middlefield Group, on behalf of American
Core Sectors Dividend Fund (the "Fund"), is pleased to announce that it
has filed a final prospectus in relation to an initial public offering
of units at a price of $10.00 per unit. The minimum amount of the
offering is $25 million and the maximum is $100 million.
The Fund's investment objectives are to provide:
(i) unitholders with stable monthly cash distributions; and
(ii) long-term total return through capital appreciation of the Fund's
through an investment strategy which focuses on a diversified, actively
managed portfolio comprised primarily of dividend-paying securities
with a focus on the U.S. consumer, financials, industrials and
information technology sectors (collectively, the "Core Sectors") that
are expected by Middlefield Capital Corporation to benefit from growth
in the U.S. economy.
The initial target distribution yield for the Fund is 5.5% per annum
based on the original subscription price (or $0.04583 per unit per
month or $0.55 per unit per annum). Middlefield Capital Corporation
will act as the investment advisor to the Fund. Middlefield Limited
will act as Manager to the Fund.
The syndicate of agents is being co-led by CIBC and RBC Capital Markets
and includes Scotiabank, BMO Capital Markets, National Bank Financial
Inc., TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P.,
Raymond James Ltd., Mackie Research Capital Corporation, Middlefield
Capital Corporation, Dundee Securities Ltd. and Manulife Securities
SOURCE: American Core Sectors Dividend 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.