Middlefield Healthcare & Wellness Dividend Fund Announces Exchange Ratios

CALGARY, Oct. 6, 2016 /CNW/ - Middlefield Group, on behalf of Middlefield Healthcare & Wellness Dividend Fund (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 20, 2016.

The Fund's investment objectives are to provide holders of units of the Fund ("Units") with:

(i) stable monthly cash distributions, and

(ii) enhanced long-term total return through capital appreciation of the Fund's investment portfolio.

The Fund's investment strategy will focus on investing in securities of issuers operating in or that derive a significant portion of their earnings or revenue from products or services related to the healthcare, wellness and related industries.

The initial target distribution yield for the Fund is 5% per annum based on the original subscription price (or $0.04167 per Unit per month or $0.50 per Unit per annum).

The number of Units 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 6, 2016 (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. The Exchange Ratio for any such securities that do not trade in Canadian dollars was determined by converting the weighted average trading price on the applicable exchange of such securities into Canadian dollars based on today's Bank of Canada noon rate of exchange. 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 Units 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

Healthcare












Abbott Laboratories

ABT

002824100

US0028241000

56.0848

5.57413

AbbVie Inc.

ABBV

00287Y109

US00287Y1091

83.2307

8.24776

Aetna Inc.

AET

00817Y108

US00817Y1082

151.6302

15.12999

Agilent Technologies Inc.

A

00846U101

US00846U1016

62.1515

6.21514

Alexion Pharmaceuticals Inc.

ALXN

015351109

US0153511094

162.4722

16.24721

AmerisourceBergen Corporation

ABC

03073E105

US03073E1055

106.1227

10.61226

Amgen Inc.

AMGN

031162100

US0311621009

220.6503

22.06503

Anthem Inc.

ANTM

036752103

US0367521038

162.7313

16.27313

Baxter International Inc.

BAX

071813109

US0718131099

62.9627

6.29626

Becton, Dickinson and Company

BDX

075887109

US0758871091

234.6327

23.46327

Biogen Inc.

BIIB

09062X103

US09062X1037

410.4467

41.04467

Boston Scientific Corporation

BSX

101137107

US1011371077

31.0206

3.10206

Bristol-Myers Squibb Company

BMY

110122108

US1101221083

72.2793

7.17773

Celgene Corporation

CELG

151020104

US1510201049

138.0164

13.80163

Chartwell Retirement Residences

CSH.UN

16141A103

CA16141A1030

15.7711

1.57711

Cigna Corporation

CI

125509109

US1255091092

169.8027

16.98026

CR Bard Inc.

BCR

067383109

US0673831097

293.7154

29.37153

Eli Lilly & Company

LLY

532457108

US5324571083

106.9209

10.69209

Extendicare Inc.

EXE

30224T863

CA30224T8639

9.3808

0.93808

Gilead Sciences Inc.

GILD

375558103

US3755581036

102.6478

10.26477

Illumina Inc.

ILMN

452327109

US4523271090

241.4369

24.14369

Johnson & Johnson

JNJ

478160104

US4781601046

156.5875

15.65875

McKesson Corporation

MCK

58155Q103

US58155Q1031

218.5049

21.85048

Medical Facilities Corporation

DR

58457V503

CA58457V5036

22.0228

2.20228

Merck & Co Inc.

MRK

58933Y105

US58933Y1055

82.5106

8.25105

PDL BioPharma Inc.

PDLI

69329Y104

US69329Y1047

4.3652

0.43652

Pfizer Inc.

PFE

717081103

US7170811035

44.5741

4.45741

Regeneron Pharmaceuticals, Inc.

REGN

75886F107

US75886F1075

524.6662

52.46661

Sienna Senior Living Inc.

SIA

82621K102

CA82621K1021

16.7741

1.67741

Thermo Fisher Scientific Inc.

TMO

883556102

US8835561023

209.1136

20.91136

UnitedHealth Group Inc.

UNH

91324P102

US91324P1021

182.3462

18.23462

Walgreens Boots Alliance Inc.

WBA

931427108

US9314271084

106.1779

10.61778







Wellness












adidas AG

ADDYY

00687A107

US00687A1079

115.0406

11.50406

Ag Growth International Inc.

AFN

001181106

CA0011811068

44.5589

4.45589

Agrium Inc.

AGU

008916108

CA0089161081

118.3243

11.83243

AGT Food & Ingredients Inc.

AGT

001264100

CA0012641001

37.5919

3.75919

Archer-Daniels-Midland Company

ADM

039483102

US0394831020

56.5232

5.65232

Cedar Fair L.P.

FUN

150185106

US1501851067

76.0477

7.60477

CF Industries Holdings Inc.

CF

125269100

US1252691001

32.2887

3.22886

Columbia Sportswear Company

COLM

198516106

US1985161066

74.8945

7.48944

Deere & Company

DE

244199105

US2441991054

112.6170

11.26169

Empire Company Limited

EMP.A

291843407

CA2918434077

19.4974

1.93949

Foot Locker, Inc.

FL

344849104

US3448491049

89.3666

8.90032

General Mills Inc.

GIS

370334104

US3703341046

83.3020

8.26679

Gildan Activewear Inc.

GIL

375916103

CA3759161035

36.4672

3.64672

HCP, Inc.

HCP

40414L109

US40414L1098

49.1160

4.91159

Hormel Foods Corporation

HRL

440452100

US4404521001

49.5318

4.95318

Kellogg Company

K

487836108

US4878361082

101.1071

10.11070

Kohl's Corporation

KSS

500255104

US5002551043

57.9306

5.79306

lululemon athletica Inc.

LULU

550021109

US5500211090

79.0361

7.90360

Medical Properties Trust Inc.

MPW

58463J304

US58463J3041

19.1277

1.91276

Mondelez International Inc.

MDLZ

609207105

US6092071058

57.4614

5.74613

Monsanto Company

MON

61166W101

US61166W1018

135.5843

13.48709

The Mosaic Company

MOS

61945C103

US61945C1036

32.7305

3.27305

NIKE Inc.

NKE

654106103

US6541061031

69.3118

6.93118

NorthWest Healthcare Properties Real Estate Investment Fund

NWH.UN

667495105

CA6674951059

10.2872

1.02872

Potash Corporation of Saskatchewan Inc.

POT

73755L107

CA73755L1076

21.2983

2.11983

The Procter & Gamble Company

PG

742718109

US7427181091

117.6097

11.76096

Sabra Health Care REIT, Inc.

SBRA

78573L106

US78573L1061

32.3753

3.23753

Senior Housing Properties Trust

SNH

81721M109

US81721M1099

29.0123

2.90123

Six Flags Entertainment Corporation

SIX

83001A102

US83001A1025

70.8818

7.08818

Tyson Foods Inc.

TSN

902494103

US9024941034

98.0988

9.80987

WebMD Health Corp.

WBMD

94770V102

US94770V1026

65.8878

6.58877

Whole Foods Market Inc.

WFM

966837106

US9668371068

37.7963

3.77963







Other












Algonquin Power & Utilities Corp.

AQN

15857105

CA0158571053

11.5478

1.15478

Algonquin Power & Utilities Corp Instalment Receipts

AQN.IR

015857AE5

CA015857AE57

40.4785

40.76620*

AltaGas Ltd.

ALA

021361100

CA0213611001

33.3905

3.33905

ARC Resources Ltd.

ARX

00208D408

CA00208D4084

23.8826

2.38826

Bank of Montreal

BMO

063671101

CA0636711016

84.6419

8.46419

Bank of Nova Scotia,The

BNS

064149107

CA0641491075

69.5043

6.95043

BCE Inc.

BCE

05534B760

CA05534B7604

60.2529

6.02529

Bonavista Energy Corporation

BNP

09784Y108

CA09784Y1088

4.2719

0.42719

Canadian Apartment Properties Real Estate Investment Fund

CAR.UN

134921105

CA1349211054

29.2987

2.92987

Canadian Imperial Bank of Commerce

CM

136069101

CA1360691010

100.7775

10.07775

Canadian Utilities Limited Cumulative Redeemable Second Preferred Shares Series Y

CU.PR.C

136717691

CA1367176916

18.3020

1.83020

CI Financial Corp.

CIX

125491100

CA1254911003

24.9112

2.49112

Cominar Real Estate Investment Fund

CUF.UN

199910100

CA1999101001

14.7365

1.47365

Crescent Point Energy Corporation

CPG

22576C101

CA22576C1014

17.8214

1.78214

Crombie Real Estate Investment Fund

CRR.UN

227107109

CA2271071094

13.8524

1.38524

Dream Global Real Estate Investment Fund

DRG.UN

26154A106

CA26154A1066

8.8574

0.88574

Dream Office Real Estate Investment Fund

D.UN

26153P104

CA26153P1045

16.7327

1.67327

Emera Incorporated

EMA

290876101

CA2908761018

46.3783

4.63783

Enbridge Inc.

ENB

29250N105

CA29250N1050

57.6316

5.76316

Enbridge Inc. Cumulative Redeemable Preference Shares Series 3

ENB.PR.Y

29250N683

CA29250N6836

15.5521

1.55521

Enbridge Inc. Cumulative Redeemable Preference Shares Series B

ENB.PR.B

29250N709

CA29250N7099

14.7343

1.47343

Enbridge Inc. Cumulative Redeemable Preference Shares Series D

ENB.PR.D

29250N881

CA29250N8816

14.9646

1.49646

Enbridge Inc. Cumulative Redeemable Preference Shares Series R

ENB.PR.T

29250N733

CA29250N7339

15.7606

1.57605

Enbridge Income Fund Holdings Inc.

ENF

29251R105

CA29251R1055

33.9813

3.39813

First Capital Realty Inc.

FCR

31943B100

CA31943B1004

21.8252

2.18252

Fortis Inc.

FTS

349553107

CA3495531079

41.3299

4.13299

Fortis Inc. Cumulative Redeemable Fixed Rate Reset First Preference Shares Series K

FTS.PR.K

349553784

CA3495537845

17.8031

1.78030

H&R Real Estate Investment Fund

HR.UN

404428203

CA4044282032

21.8402

2.17277

Inter Pipeline Ltd.

IPL

45833V109

CA45833V1094

27.7803

2.77803

Manulife Financial Corporation

MFC

56501R106

CA56501R1064

18.7842

1.87842

National Bank of Canada

NA

633067103

CA6330671034

46.3324

4.63324

Pembina Pipeline Corporation

PPL

706327103

CA7063271034

40.1434

4.01434

Pembina Pipeline Corporation Cumulative Redeemable Rate Reset Class A Preferred Shares Series 1

PPL.PR.A

706327202

CA7063272024

16.4189

1.64189

Power Financial Corporation

PWF

73927C100

CA73927C1005

30.4079

3.04079

RioCan Real Estate Investment Fund

REI.UN

766910103

CA7669101031

26.3948

2.63948

Royal Bank of Canada

RY

780087102

CA7800871021

81.4730

8.14730

Smart Real Estate Investment Fund.

SRU.UN

131253205

CA1312532056

34.7535

3.47535

Sun Life Financial Inc.

SLF

866796105

CA8667961053

42.9101

4.29101

Suncor Energy Inc.

SU

867224107

CA8672241079

36.5957

3.65957

TELUS Corporation

T

87971M103

CA87971M1032

43.1272

4.31272

The Toronto-Dominion Bank

TD

891160509

CA8911605092

58.2925

5.77425

TransCanada Corporation

TRP

89353D107

CA89353D1078

62.1974

6.21974

TransCanada Corporation Cumulative Redeemable First Preferred Shares Series 7

TRP.PR.D

89353D883

CA89353D8834

17.9378

1.79377

Veresen Inc.

VSN

92340R106

CA92340R1064

13.3189

1.33189

*Based on an exchange per $1,000 of face value

 

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 Middlefield Healthcare & Wellness Dividend Fund

For further information: 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.


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890