Global Healthcare Dividend Fund Update

CALGARY, Feb. 7, 2017 /CNW/ - Middlefield Group, on behalf of Global Healthcare Dividend Fund (the "Fund") (MID 325/327/330/326), is pleased to announce that the Fund is a fully operating open-end mutual fund trust with a simplified prospectus filed in all of the provinces and territories of Canada, allowing unitholders to purchase, redeem and switch Series A & Series F units.

Distributions – The Fund's quarterly distribution of $0.08 per unit, representing an annualized yield of approximately 3%, is the highest of any open-ended healthcare focused Canadian mutual fund that pays a regular distribution. The distribution is supported by healthcare issuers that have exhibited strong cash flows and healthy balance sheets, which supports increases in dividends over time.

Industry Advisor – The Fund continues to benefit from Middlefield's ongoing exclusive relationship with SSR LLC, its healthcare industry advisor. Dr. Richard Evans, SSR's co-founder, is the individual primarily responsible for providing services on behalf of SSR and is the former #1 ranked pharmaceuticals analyst in the U.S.

Performance – Since its inception on October 23, 2014, the Fund has consistently generated returns that have exceeded both the S&P/TSX Composite and MSCI Daily World Gross Health Care indices, as illustrated in the table below.

Fund/Benchmark

Since Inception

Global Healthcare Dividend Fund

12.7%

MSCI Daily World Gross Health Care Index

2.1%

S&P/TSX Composite Index

6.2%

Source:  Bloomberg, Middlefield. As at December 31, 2016. Figures reflect annualized total returns, net of fees.

 

SOURCE Global Healthcare Dividend Fund

For further information: For further information on the 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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