ENERGY INDEXPLUS Dividend Fund Files Preliminary Prospectus

TORONTO, May 31, 2011 /CNW/ - Middlefield Group, on behalf of ENERGY INDEXPLUS Dividend Fund ("ENERGY INDEXPLUS" or the "Fund"), is pleased to announce that it has filed a preliminary prospectus in relation to an initial public offering of units at a price of $12.00 per unit.

ENERGY INDEXPLUS Dividend Fund has been designed to provide investors with low-cost exposure to the energy sector through a combination of indexing and active portfolio management. At least 40% and up to 80% of the Fund's assets will be invested in a portfolio of securities which is designed to track, to the extent practicable, the S&P®/TSX™ Capped Energy Index. The remainder of the Fund's assets will be invested in an actively managed diversified portfolio of primarily common shares of Canadian dividend paying energy companies, including the securities of energy issuers not in the Index as well as the securities of global energy companies. Middlefield Capital Corporation will act as the investment advisor to the Fund.

The Fund's investment objectives are to:

(i) provide holders of units with stable monthly cash distributions; and

(ii) outperform the S&P®/TSX™ Capped Energy Index on a total return basis.

Based on current estimates, the initial target distribution yield for the Fund is expected to be 5.25% per annum based on the original subscription price (or $0.0525 per unit per month or $0.63 per unit per annum).

Prospective purchasers investing in ENERGY INDEXPLUS will have the option of paying for units in cash or by exchanging securities of issuers listed in the preliminary prospectus. Prospective purchasers under the exchange option will be required to deposit their exchange eligible securities prior to 5:00 p.m. (Toronto time) on June 23, 2011 in the manner described in the preliminary prospectus.

The syndicate of agents is being co-led by CIBC World Markets Inc. and RBC Capital Markets and includes BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Genuity Corp., GMP Securities L.P., Macquarie Private Wealth Inc., Raymond James Ltd., Dundee Securities Ltd., Mackie Research Capital Corporation, Middlefield Capital Corporation and Wellington West Capital Markets Inc.

Standard & Poor's ("S&P") and the Toronto Stock Exchange ("TSX") have not sponsored, endorsed, sold or promoted the units or the Fund and neither S&P nor the TSX make any representation regarding the advisability of investing in units of the Fund. S&P has no relationship to the Fund, but the manager of the Fund (or an affiliate thereof) intends prior to closing of this offering to enter into an agreement with S&P relating to the licensing by the Fund of certain trademarks and trade names of S&P and the TSX.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in certain jurisdictions of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any of the agents named above. There will not be any sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.


For further information:

please visit our website at or contact Nancy Tham, Managing Director, Sales and Marketing, at 416.847.5349 or at 1.888.890.1868

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