U.S. Dividend Growers Income Corp. IPO Raises $125 Million

CALGARY, April 16, 2015 /CNW/ - Middlefield Group, on behalf of U.S. Dividend Growers Income Corp. (the "Fund"), is pleased to announce that it completed the issuance of an additional 200,000 equity shares pursuant to the over-allotment option granted to the agents in the Fund's recently completed initial public offering. In aggregate, the Fund has raised gross proceeds of $125 million.

The Fund's investment objectives are to provide holders of equity 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 on investing in securities of issuers that have exhibited strong dividend growth and that are organized in the United States or that derive a significant portion of their revenue or earnings from the United States.

Middlefield Capital Corporation, the advisor, will provide investment management advice to the Fund. Sector & Sovereign Research, LLC, an investment research boutique based in Stamford, Connecticut, will act as an industry advisor to Middlefield and in such capacity provides them with ongoing analysis regarding the healthcare and technology sectors.

Equity shares trade under the TSX symbol "US".

The syndicate of agents was co-led by CIBC, RBC Capital Markets and Scotiabank and included BMO Nesbitt Burns Inc., 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.

SOURCE U.S. Dividend Growers Income 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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