INDEXPLUS Dividend Fund Files Final Prospectus

Maximum $250,000,000 - Closing February 18

TORONTO, Jan. 28 /CNW/ - Middlefield Group, on behalf of INDEXPLUS Dividend Fund ("INDEXPLUS" or the "Fund"), is pleased to announce that it has filed a final prospectus in relation to an initial public offering of Units at a price of $12.00 per Unit.

INDEXPLUS Dividend Fund has been designed to provide investors with low-cost exposure to the Canadian equity income sector through a combination of indexing and active portfolio management. At least 50% and up to 80% of the Fund's assets will be invested in a diversified portfolio of securities which is designed to track, to the extent practicable, the newly created S&P®/TSX™ Equity Income Index and the remainder of the Fund's assets will be actively managed.

The Fund's investment objectives are to:

          (i) provide holders of Units with monthly cash distributions; and
          (ii) outperform the S&P®/TSX™ Equity Income Index on a total return basis;
          through an investment strategy which combines indexing and active portfolio management and entails investing primarily in Canadian dividend paying equity securities.

The initial target distribution amount is 6.5% per Unit per annum based on the original subscription price (or $0.065 per Unit per month or $0.78 per Unit per annum). On a pre-tax equivalent basis, the Fund's yield to investors in 2011 equates to approximately 8.7%, which assumes 100% of distributions to investors are characterized as eligible dividends.

Middlefield Capital Corporation will act as the investment advisor to the Fund and the individuals who will be primarily responsible for managing the portfolio will be Dean Orrico and Robert Lauzon. Dean Orrico is President and Chief Investment Officer of Middlefield Capital Corporation. Robert Lauzon is Managing Director, Western Canada and a Senior Portfolio Manager of Middlefield Capital Corporation.

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

S&P and the 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.

This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. 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.  Investors should read the prospectus before making an investment decision.


For further information:

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

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INDEXPLUS Dividend Fund

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