Globalance Dividend Growers Corp. Announces Exchange Ratios

CALGARY, Oct. 9, 2015 /CNW/ - Middlefield Group, on behalf of Globalance Dividend Growers Corp. (the "Fund"), is pleased to announce the exchange ratios for the exchange offer by the Fund (the "Exchange Option") being made under the final prospectus of the Fund dated September 28, 2015.

The Fund's investment objectives are to provide holders of shares with:

(i) 

stable monthly cash distributions and to grow distributions over time, and



(ii) 

enhanced long-term total return through capital appreciation of the Fund's investment portfolio,

through an investment strategy which focuses primarily on investing in securities of global issuers that exhibit sustainable dividend growth, supplemented by investments in investment grade fixed income securities to seek to reduce overall portfolio volatility.

The initial target distribution yield for the Fund is 5.0% per annum based on the original subscription price (or $0.04167 per share per month or $0.50 per share per annum).

The number of shares issuable for each class of security of an Exchange Eligible Issuer (as listed below) (the "Exchange Ratio") has been determined by dividing the weighted average trading price of such security on the Toronto Stock Exchange (or such other exchange or market on which such security is then listed) during the period of five consecutive trading days ending on October 9, 2015 (the "Pricing Period"), as adjusted to reflect distributions declared by any Exchange Eligible Issuer that will not be received by the Fund, by $10.00. Holders of securities of Exchange Eligible Issuers who deposited such securities pursuant to the Exchange Option will continue to be holders of record up to but not including the date of the closing of the offering of shares and will be entitled to receive distributions in respect of such securities of Exchange Eligible Issuers that are declared up to but not including such date. Each Exchange Ratio will be rounded down to five decimal places.

The table below sets out the Exchange Eligible Issuers, the securities of which may be accepted by the Fund pursuant to the Exchange Option, including the name of the Exchange Eligible Issuer, its ticker symbol, its CUSIP number, its ISIN, its volume weighted average trading price during the Pricing Period and the Exchange Ratio.

NAME

TICKER

CUSIP

ISIN

VWAP

EXCHANGE

RATIO

Financials and Real Estate Securities






Alaris Royalty Corp.

AD

 01163Q400

 CA01163Q4007

27.4292

2.74292

American Express Co.

AXP

025816109

 US0258161092

99.6788

9.96787

American Hotel Income Properties REIT LP

HOT.UN

026695106

 CA0266951064

9.9938

0.99938

Bank of Montreal

BMO

063671101

 CA0636711016

74.9339

7.49339

Bank of Nova Scotia

BNS

064149107

 CA0641491075

59.6557

5.96557

Canadian Imperial Bank of Commerce

CM

136069101

 CA1360691010

98.9056

9.89056

Canadian REIT

REF.UN

 13650J104

 CA13650J1049

41.6895

4.16895

CI Financial Corp.

CIX

125491100

 CA1254911003

31.6186

3.16186

Dream Office REIT

D.UN

 26153P104

 CA26153P1045

21.5037

2.15037

First Capital Realty Inc.

FCR

 31943B100

 CA31943B1004

18.9496

1.89496

Genworth MI Canada Inc.

MIC

 37252B102

 CA37252B1022

30.1282

3.01282

Goldman Sachs Group Inc.

GS

 38141G104

 US38141G1040

233.7404

23.37404

Intact Financial Corp.

IFC

 45823T106

 CA45823T1066

92.3208

9.23208

Manulife Financial Corp.

MFC

 56501R106

 CA56501R1064

21.1934

2.11934

National Bank of Canada

NA

633067103

 CA6330671034

41.9326

4.19326

Northern Property REIT

NPR.UN

665624110

 CA6656241107

20.2398

2.02398

Power Corp of Canada

POW

739239101

 CA7392391016

28.6971

2.86971

Power Financial Corp.

PWF

 73927C100

 CA73927C1005

31.7380

3.17380

Royal Bank of Canada

RY

780087102

 CA7800871021

73.5893

7.35893

Sun Life Financial Inc.

SLF

866796105

 CA8667961053

44.1121

4.41121

Toronto-Dominion Bank

TD

891160509

 CA8911605092

53.0528

5.30528

Travelers Companies Inc.

TRV

89417E109

 US89417E1091

132.1041

13.21040







Consumer Securities






Aimia Inc.

AIM

 00900Q103

 CA00900Q1037

12.1195

1.21195

Coca-Cola Co.

KO

191216100

 US1912161007

53.6012

5.36012

Corus Entertainment Inc.

CJR.B

220874101

 CA2208741017

14.0483

1.39533

Dorel Industries Inc.

DII.B

 25822C205

 CA25822C2058

31.8993

3.18993

McDonald's Corp.

MCD

580135101

 US5801351017

131.9832

13.19831

Procter & Gamble Co.

PG

742718109

 US7427181091

95.3698

9.53698

Wal-Mart Stores Inc.

WMT

931142103

 US9311421039

85.6413

8.56412

Walt Disney Co.

DIS

254687106

 US2546871060

134.7264

13.47264







Technology and Telecommunication Securities






Apple Inc.

AAPL

037833100

 US0378331005

142.8519

14.28518

AT&T Inc.

T

 00206R102

 US00206R1023

43.0401

4.30401

Cisco Systems Inc.

CSCO

 17275R102

 US17275R1023

35.4450

3.54449

Intel Corp.

INTC

458140100

 US4581401001

41.2057

4.12056

International Business Machine

IBM

459200101

 US4592001014

194.5617

19.45616

Microsoft Corp.

MSFT

594918104

 US5949181045

60.6208

6.06208

Verizon Communications Inc.

VZ

 92343V104

 US92343V1044

56.9176

5.69176

Visa Inc.

V

 92826C839

 US92826C8394

94.2400

9.42400







Energy Infrastructure and Utilities Securities






Capital Power Corp.

CPX

 14042M102

 CA14042M1023

19.5738

1.95738

Enbridge Income Fund Holdings Inc.

ENF

 29251R105

 CA29251R1055

34.6214

3.46214

Gibson Energy Inc.

GEI

374825206

 CA3748252069

19.6917

1.96917

Inter Pipeline Ltd.

IPL

 45833V109

 CA45833V1094

25.5454

2.54229

Pembina Pipeline Corp.

PPL

706327103

 CA7063271034

35.3304

3.53304

TransAlta Corp.

TA

 89346D107

 CA89346D1078

6.9312

0.69312

Veresen Inc.

VSN

 92340R106

 CA92340R1064

11.3287

1.13287







Other Dividend Paying Securities






3M Co.

MMM

 88579Y101

 US88579Y1010

190.7677

19.07677

ARC Resources Ltd.

ARX

 00208D408

 CA00208D4084

21.2130

2.12130

Boeing Co.

BA

097023105

 US0970231058

176.1342

17.61342

Bonavista Energy Corp.

BNP

 09784Y108

 CA09784Y1088

3.8374

0.38374

Bonterra Energy Corp.

BNE

098546104

 CA0985461049

23.9516

2.38016

Canadian Natural Resources Ltd.

CNQ

136385101

 CA1363851017

30.6879

3.06879

Canadian Oil Sands Ltd.

COS

13643E105

 CA13643E1051

9.3844

0.93844

Caterpillar Inc.

CAT

149123101

 US1491231015

90.8889

9.08889

Cenovus Energy Inc.

CVE

 15135U109

 CA15135U1093

21.4756

2.14756

Crescent Point Energy Corp.

CPG

 22576C101

 CA22576C1014

19.2875

1.92875

EI du Pont de Nemours & Co.

DD

263534109

 US2635341090

71.8377

7.18377

Encana Corp.

ECA

292505104

 CA2925051047

10.9366

1.09366

Enerplus Corp.

ERF

292766102

 CA2927661025

7.9542

0.79542

Freehold Royalties Ltd.

FRU

356500108

 CA3565001086

12.5076

1.25076

General Electric Co.

GE

369604103

 US3696041033

35.3847

3.53846

iShares Core S&P/TSX Capped Composite Index ETF

XIC

 46430J101

 CA46430J1012

21.8315

2.18315

iShares S&P/TSX 60 Index ETF

XIU

 46428D108

 CA46428D1087

20.3500

2.03500

Johnson & Johnson

JNJ

478160104

 US4781601046

122.3880

12.23879

Labrador Iron Ore Royalty Corp.

LIF

505440107

 CA5054401073

15.9986

1.59986

Merck & Co Inc.

MRK

 58933Y105

 US58933Y1055

65.5861

6.55861

Mullen Group Ltd.

MTL

625284104

 CA6252841045

18.9501

1.89501

Pfizer Inc.

PFE

717081103

 US7170811035

42.7999

4.27998

Potash Corp of Saskatchewan Inc.

POT

 73755L107

 CA73755L1076

28.1326

2.77526

Russel Metals Inc.

RUS

781903604

 CA7819036046

22.4099

2.24099

ShawCor Ltd.

SCL

820439107

 CA8204391079

30.5906

3.05906

United Technologies Corp.

UTX

913017109

 US9130171096

120.8627

12.08626

Vermilion Energy Inc.

VET

923725105

 CA9237251058

47.7239

4.75089

Westshore Terminals Investment Corp.

WTE

 96145A200

 CA96145A2002

27.2616

2.72616

Whitecap Resources Inc.

WCP

 96467A200

 CA96467A2002

13.0614

1.30614







Preferred Securities






Bank of Nova Scotia

BNS.PR.Z

064149610

 CA0641496108

19.3680

1.93679

BCE Inc.

BCE.PR.K

 05534B679

 CA05534B6796

13.8940

1.38940

BCE Inc.

BCE.PR.M

 05534B646

 CA05534B6465

15.2985

1.52984

BCE Inc.

BCE.PR.Q

 05534B596

 CA05534B5962

18.2953

1.82952

Brookfield Asset Management Inc.

BAM.PF.A

112585641

 CA1125856411

18.6910

1.86909

Brookfield Office Properties Inc.

BPO.PR.A

112900683

 CA1129006831

17.9121

1.79121

Brookfield Office Properties Inc.

BPO.PR.N

112900832

 CA1129008324

15.9619

1.59619

Brookfield Office Properties Inc.

BPO.PR.P

112900816

 CA1129008167

16.5302

1.65302

Brookfield Renewable Power Preferred Equity Inc.

BRF.PR.C

 11283Q404

 CA11283Q4043

17.0104

1.67353

Canadian Utilities Ltd.

CU.PR.C

136717691

 CA1367176916

18.8493

1.88493

Enbridge Inc.

ENB.PR.B

 29250N709

 CA29250N7099

14.0516

1.40515

Enbridge Inc.

ENB.PF.C

 29250N592

 CA29250N5929

16.9482

1.69482

Enbridge Inc.

ENB.PR.D

 29250N881

 CA29250N8816

14.2618

1.42618

Enbridge Inc.

ENB.PR.F

 29250N865

 CA29250N8659

14.9697

1.49697

Enbridge Inc.

ENB.PR.N

 29250N774

 CA29250N7743

15.9233

1.59232

Enbridge Inc.

ENB.PR.Y

 29250N683

 CA29250N6836

15.1157

1.51157

Fairfax Financial Holdings Ltd.

FFH.PR.I

303901847

 CA3039018476

15.2057

1.52057

Fortis Inc.

FTS.PR.M

349553768

 CA3495537688

18.2891

1.82891

Husky Energy Inc.

HSE.PR.A

448055202

 CA4480552021

13.4635

1.34635

Husky Energy Inc.

HSE.PR.C

448055400

 CA4480554001

21.1261

2.11260

Intact Financial Corp.

IFC.PR.C

 45823T601

 CA45823T6016

19.0866

1.90865

Manulife Financial Corp.

MFC.PR.M

 56501R692

 CA56501R6923

19.3722

1.93722

Sun Life Financial Inc.

SLF.PR.I

866796832

 CA8667968322

19.2962

1.92961

TransCanada Corp.

TRP.PR.C

 89353D701

 CA89353D7018

11.9000

1.18999

TransCanada Corp.

TRP.PR.D

 89353D883

 CA89353D8834

16.3762

1.63761

TransCanada Corp.

TRP.PR.E

 89353D867

 CA89353D8677

16.8935

1.68934

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

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 using the contact information for such advisor.  Investors should read the prospectus before making an investment decision.

SOURCE Globalance Dividend Growers Corp.

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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