CALGARY, Jan. 14, 2014 /CNW/ - Middlefield Group is pleased to announce the final two distributions
payable to shareholders of Middlefield Income Plus II Corp. prior to
the Merger on March 4th, 2014 and the first dividend payable to those shareholders that remain
invested in the Mutual Fund:
January 31, 2014
February 14, 2014
February 28, 2014
March 14, 2014
March 28, 2014
March 31, 2014
*Income Plus Class Mutual Fund dividend
As previously announced the Fund intends to Merge on a "tax-deferred rollover" basis with Middlefield Income Plus Class (the "Mutual Fund") on March 4, 2014.
Income Plus Mutual Fund Long-term Annualized Compound Returns (as at December 31, 2013)
Award Winning Mutual Fund:
The Income Plus Class Mutual Fund consists primarily of North American
dividend paying and fixed income securities and has achieved a 9.9%
annualized compound return since inception on September 21, 2000. The
Mutual Fund has never missed a monthly dividend and has consistently
paid $0.07 per unit per month since 2003.
At the 2013 Lipper Awards, the Mutual Fund was named the #1 Neutral
Balanced Mutual Fund over 10 years and in 2012, the Fund was named the
#1 Neutral Balanced Mutual Fund over 3 and 10 years.
Following the Merger, the Mutual Fund will offer daily redemptions at
net asset value and investors can also switch "tax-free" into the F-Series of Income Plus or any of the eight other Middlefield
Mutual Funds Classes.
Holders of Equity Shares who do not wish to participate in the Merger
have the opportunity to redeem their Equity Shares on February 28, 2014
by giving written notice prior to January 30, 2014. The redemption will
be a "taxable" event for Shareholders and proceeds will be paid on March 21, 2014.
The equity shares trade on the Toronto Stock Exchange under the symbol
Certain statements in this press release may be viewed as
forward-looking statements. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans,
intentions, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"expects", "is expected", "anticipates", "plans", "estimates" or
"intends" (or negative or grammatical variations thereof), or stating
that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved) are not statements of
historical fact and may be forward-looking statements. Statements which
may constitute forward-looking statements relate to the proposed timing
of the Merger, the expected completion thereof and the amount of
distributions. Forward-looking statements are subject to a variety of
risks and uncertainties which could cause actual events or results to
differ from those reflected in the forward-looking statements including
as a result of changes in the general economic and political
environment, changes in applicable legislation, and the performance of
each fund involved in the Merger. Actual events or results may differ
materially from such forward-looking statements as a result of risks
facing one or both of the funds, most of which are beyond the control
of the funds. There are no assurances the funds can fulfill such
forward-looking statements and the funds do not undertake any
obligation to update such statements.
SOURCE: Middlefield Income Plus II Corp.
For further information:
For further information, please visit our website at www.middlefield.com or contact the undersigned:
Nancy Tham, Managing Director, Sales and Marketing