CALGARY, March 31, 2014 /CNW/ - Middlefield Mutual Funds Limited (the "Mutual Fund") is pleased to announce that it will complete a
rollover of MRF 2012 Resource Limited Partnership (the "Partnership") into the Groppe Tactical Energy Class (MID 125).
The Partnership will be dissolved and terminated on April 15, 2014.
There will be no fees charged on the rollover into the Mutual Fund, nor
on redemptions of Mutual Fund shares.
The objective of Groppe Tactical Energy Class (MID 125) is to maximize
long-term return by investing in equity and fixed income securities of
issuers that operate in or have exposure to the oil and gas industry. As at February 28, 2014, Groppe Tactical Energy Class (MID 125)
generated annualized total returns for the year-to-date, one, and three
year periods of 11.6%, 36.4%, and 4.6%, respectively as well as an
annualized total return of 11.9% since inception in July 2009. In
addition, Groppe Tactical Energy is currently 5-Star rated by Globefund
and received the 2012 Lipper Fund Award for the #1 Natural Resource
Equity Fund Over 1-Year.
The transfer to the Mutual Fund will be a tax-free exchange, which means
that no disposition will occur and therefore no capital gains tax will
be payable as a result of the rollover. Investors can continue to defer the capital gains tax liability that
arises upon disposition of their investment by retaining the shares of
the Mutual Fund, which currently offers nine asset classes which
investors can switch into tax-free. These asset classes provide significant flexibility to suit numerous
investment objectives including income, growth and safety of capital.
In addition to Groppe Tactical Energy, the other classes currently
offered are Income Plus, ActiveIndex REIT, Precious Metals, Canadian
High Yield, Canadian Dividend Growth, Global Agriculture, Uranium
Focused Metals and Short-Term Income.
In addition, Middlefield Group is pleased to announce that it has filed
a final prospectus relating to the initial public offering of MRF 2014
Resource Limited Partnership units. The offering is being made in each
of the provinces and territories of Canada and is expected to have a
final closing on or about April 29, 2014.
Investors should consult their advisors to determine the strategy that
is most suitable for them for the achievement of their own personal
needs and objectives.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus
before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.
Certain statements included in this press release constitute
forward-looking statements. The forward-looking statements are not
historical facts but reflect Middlefield's current expectations
regarding future results or events. These forward-looking statements
are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current
expectations. Forward-looking statements are not guarantees of future
performance and, accordingly, readers are cautioned not to place undue
reliance on such statements due to the inherent uncertainty therein.
SOURCE: MRF 2012 Resource Limited Partnership
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. Email: email@example.com