MINT Income Fund files preliminary prospectus exchange and cash offering - Maximum $150 million

CALGARY, June 28, 2013 /CNW/ - Middlefield Group, on behalf of MINT Income Fund (the "Fund" or "MINT"), is pleased to announce that it has filed a preliminary short form prospectus in connection with an offering of Class A units (the "Class A Units") of MINT. Prospective purchasers may purchase Class A Units either by (i) cash payment; or (ii) an exchange of securities of Exchange Eligible Issuers, listed below. The exchange offering will remain open for acceptance until 5:00 p.m. Toronto time on July 29, 2013 (the "Deposit Date") whereas the cash offering will remain open until closing, which is expected to occur early August 2013. The exchange ratios will be disclosed in a final short form prospectus expected to be filed on or about July 30, 2013.

The purchase price for the Class A Units, in respect of both the cash offering and exchange offering, will be equal to the weighted average trading price of MINT's existing units (the "Existing Units") on the TSX during the period of three consecutive trading days ending on the Deposit Date.

The Class A Units have similar attributes as the Fund's Existing Units except that (i) the Class A Units are not eligible to be surrendered for the annual redemption in November 2013, and (ii) the Class A Units will be converted into Existing Units automatically as of November 15, 2013 on a one-for-one basis. Accordingly, all Class A Units and Existing Units (the "Units") will have the same investment objectives, strategy, guidelines and portfolio, which is comprised primarily of equity income securities, as well as the same net asset value per Unit.

Monthly distributions paid by MINT are currently targeted to be $0.06 per Unit, or $0.72 per Unit per annum, which represents a yield of 7.5% based upon the closing price of the Units on the Toronto Stock Exchange on June 25, 2013.

The net proceeds of the Offering will be invested by the Fund in accordance with its investment objectives.  A complete list of Exchange Eligible Issuers is included below. The Agents for this Offering are Canaccord Genuity Corporation and Middlefield Capital Corporation. Concurrent with this Offering, MINT has also filed a preliminary short form prospectus for a warrant offering to holders of Existing Units.

Existing Units of MINT trade on the Toronto Stock Exchange under the symbol MID.UN. An application will be made to list Class A Units on the Toronto Stock Exchange.

Exchange Eligible Issuers

Artis REIT   AX.UN   04315L105   CA04315L1058       IAMGOLD Corporation   IMG   450913108   CA4509131088
Calloway REIT   CWT.UN   131253205   CA1312532056       Just Energy Group Inc.   JE   48213W101   CA48213W1014
Canadian Apartment Properties REIT   CAR.UN   134921105   CA1349211054       Labrador Iron Ore Royalty Corporation   LIF   505440107   CA5054401073
Chartwell Retirement Residences   CSH.UN   16141A103   CA16141A1030       Magna International Inc.   MG   559222401   CA5592224011
Cominar REIT   CUF.UN   199910100   CA1999101001       Major Drilling Group International   MDI   560909103   CA5609091031
Crombie REIT   CRR.UN   227107109   CA2271071094       Manitoba Telecom Services Inc.   MBT   563486109   CA5634861093
Dundee International REIT   DI.UN   26518R209   CA26518R2090       Norbord Inc.   NBD   65548P403   CA65548P4033
Dundee REIT   D.UN   265270207   CA2652702077       North West Co Inc.   NWC   663278109   CA6632781093
Granite REIT   GRT.UN   387437114   CA3874371147       Northland Power Inc.   NPI   666511100   CA6665111002
H&R REIT   HR.UN   404428203   CA4044282032       Regal Lifestyle Communities Inc.   RLC   75882T101   CA75882T1012
InnVest REIT   INN.UN   45771T132   CA45771T1324       Reitmans Canada Ltd.   RET.A   759404205   CA7594042052
Northern Property REIT   NPR.UN   66562P105   CA66562P1053       Russel Metals Inc.   RUS   781903604   CA7819036046
Pure Industrial Real Estate Trust   AAR.UN   74623T108   CA74623T1084       Shaw Communications Inc.   SJR.B   82028K200   CA82028K2002
RioCan REIT   REI.UN   766910103   CA7669101031       Superior Plus Corporation   SPB   86828P103   CA86828P1036
FINANCIAL SERVICES SECURITIES       Teck Resources Ltd.   TCK.B   878742204   CA8787422044
AGF Management Ltd.   AGF.B   001092105   CA0010921058       TransAlta Corporation   TA   89346D107   CA89346D1078
Bank of Montreal   BMO   063671101   CA0636711016       Transcontinental Inc.   TCL.A   893578104   CA8935781044
Bank of Nova Scotia   BNS   064149107   CA0641491075       Wajax Corporation   WJX   930783105   CA9307831052
Brookfield Office Properties Inc.   BPO   112900105   CA1129001055       Westshore Terminals Investment Corporation   WTE   96145A200   CA96145A2002
Canadian Imperial Bank of Commerce   CM   136069101   CA1360691010       ENERGY SECURITIES      
Davis + Henderson Corporation   DH   239057102   CA2390571024       AltaGas Ltd.   ALA   021361100   CA0213611001
First Capital Realty Inc.   FCR   31943B100   CA31943B1004       ARC Resources Ltd.   ARX   00208D408   CA00208D4084
Genworth MI Canada Inc.   MIC   37252B102   CA37252B1022       Baytex Energy Corporation   BTE   07317Q105   CA07317Q1054
Great-West Lifeco Inc.   GWO   39138C106   CA39138C1068       Bonavista Energy Corporation   BNP   09784Y108   CA09784Y1088
Killam Properties Inc.   KMP   494104870   CA4941048700       Bonterra Energy Corporation   BNE   098546104   CA0985461049
Laurentian Bank of Canada   LB   51925D106   CA51925D1069       Canadian Oil Sands Ltd.   COS   13643E105   CA13643E1051
Manulife Financial Corporation   MFC   56501R106   CA56501R1064       Crescent Point Energy Corporation   CPG   22576C101   CA22576C1014
National Bank of Canada   NA   633067103   CA6330671034       Crew Energy Inc.   CR   226533107   CA2265331074
Power Financial Corporation   PWF   73927C100   CA73927C1005       Enbridge Inc.   ENB   295250N105   CA295250N1050
Royal Bank of Canada   RY   780087102   CA7800871021       Enbridge Income Fund Holdings Inc.   ENF   29251R105   CA29251R1055
Sun Life Financial Inc.   SLF   866796105   CA8667961053       Encana Corporation   ECA   292505104   CA2925051047
The Toronto-Dominion Bank   TD   891160509   CA8911605092       Enerplus Corporation   ERF   292766102   CA2927661025
OTHER DIVIDEND PAYING EQUITY SECURITIES       Freehold Royalties Ltd.   FRU   356500108   CA3565001086
Aimia Inc.   AIM   00900Q103   CA00900Q1037       Gibson Energy Inc.   GEI   374825206   CA3748252069
Algonquin Power & Utilities Corporation   AQN   015857105   CA0158571053       Husky Energy Inc.   HSE   448055103   CA4480551031
Amica Mature Lifestyles Inc.   ACC   031498207   CA0314982079       Inter Pipeline Fund   IPL.UN   45833P102   CA45833P1027
Atlantic Power Corporation   ATP   04878Q863   CA04878Q8636       Keyera Corporation   KEY   493271100   CA4932711001
Barrick Gold Corporation   ABX   067901108   CA0679011084       Lightstream Resources Ltd.   LTS   53227K101   CA53227K1012
BCE Inc.   BCE   05534B760   CA05534B7604       Mullen Group Ltd.   MTL   625284104   CA6252841045
Bell Aliant Inc.   BA   07786R204   CA07786R2046       Parkland Fuel Corporation   PKI   70137T105   CA70137T1057
Bombardier Inc.   BBD.B   097751200   CA0977512007       Pembina Pipeline Corporation   PPL   706327103   CA7063271034
Brookfield Infrastructure Partners LP   BIP.UN   G16252101   BMG162521014       Pengrowth Energy Corporation   PGF   70706P104   CA70706P1045
Canexus Corporation   CUS   13751W103   CA13751W1032       Penn West Petroleum Ltd.   PWT   707887105   CA7078871059
Canfor Pulp Products Inc.   CFX   137584207   CA1375842079       Petrominerales Ltd.   PMG   71673R107   CA71673R1073
Capital Power Corporation   CPX   14042M102   CA14042M1023       Peyto Exploration & Development Corporation   PEY   717046106   CA7170461064
Capstone Infrastructure Corporation   CSE   14069Q101   CA14069Q1019       PHX Energy Services Corporation   PHX   69338U101   CA69338U1012
Centerra Gold Inc.   CG   152006102   CA1520061021       Precision Drilling Corporation   PD   74022D308   CA74022D3085
Chemtrade Logistics Income Fund   CHE.UN   16387P103   CA16387P1036       Renegade Petroleum Ltd.   RPL   75971G101   CA75971G1019
Cineplex Inc.   CGX   172454100   CA1724541000       Savanna Energy Services Corporation   SVY   804694107   CA8046941073
CML HealthCare Inc.   CLC   12582Q103   CA12582Q1037       Surge Energy Inc.   SGY   86880Y109   CA86880Y1097
Corus Entertainment Inc.   CJR.B   220874101   CA2208741017       Trilogy Energy Corporation   TET   89620H105   CA89620H1055
EnerCare Inc.   ECI   29269C207   CA29269C2076       Twin Butte Energy Ltd.   TBE   901401307   CA9014013077
Extendicare Inc.   EXE   30224T863   CA30224T8639       Veresen Inc.   VSN   92340R106   CA92340R1064
Gamehost Inc.   GH   36468B104   CA36468B1040       Vermilion Energy Inc.   VET   923725105   CA9237251058
Genivar Inc.   GNV   37230Q205   CA37230Q2053       Whitecap Resources Inc.   WCP   96467A200   CA96467A2002

A preliminary short form prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in all of the provinces and territories of Canada. The preliminary short form prospectus is still subject to completion or amendment. Copies of the preliminary short form prospectus may be obtained from Canaccord Genuity or your IIROC registered financial advisor. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final short form prospectus has been issued.

SOURCE: MINT Income Fund

For further information:

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


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