Global Infrastructure Dividend Fund Announces Exchange Ratios

CALGARY, July 10, 2014 /CNW/ - Middlefield Group, on behalf of Global Infrastructure Dividend Fund (the "Fund"), is pleased to announce the exchange ratios for the exchange offer by the Fund (the "Exchange Option") being made under the final prospectus of the Fund dated June 27, 2014.

The Fund's investment objectives are to provide holders of units with:

(i)   stable monthly cash distributions; and

(ii)  long-term total return through distributions and capital appreciation of the Fund's investment portfolio;

through an investment strategy which focuses on a diversified, actively managed portfolio comprised primarily of dividend-paying global issuers that own, develop, operate, support or maintain assets or businesses related to infrastructure, energy transportation or real estate.

The initial target distribution yield for the Fund is 6.0% per annum based on the original subscription price (or $0.05 per unit per month or $0.60 per unit per annum).

The number of units issuable for each class of security of an Exchange Eligible Issuer (as listed below) (the "Exchange Ratio") has been determined by dividing the weighted average trading price of such security on the Toronto Stock Exchange (or such other exchange or market on which such security is then listed) during the period of five consecutive trading days ending on July 10, 2014 (the "Pricing Period"), as adjusted to reflect distributions declared by any Exchange Eligible Issuer that will not be received by the Fund, by $10.00. Holders of securities of Exchange Eligible Issuers who deposited such securities pursuant to the Exchange Option will continue to be holders of record up to but not including the date of the closing of the offering of units and will be entitled to receive distributions in respect of such securities of Exchange Eligible Issuers that are declared up to but not including such date. Each Exchange Ratio will be rounded down to five decimal places.

The table below sets out the Exchange Eligible Issuers, the securities of which may be accepted by the Fund pursuant to the Exchange Option, including the name of the Exchange Eligible Issuer, its ticker symbol, its CUSIP number, its ISIN, its volume weighted average trading price during the Pricing Period and the Exchange Ratio.

Name	Ticker	CUSIP	ISIN	VWAP	Exchange Ratio
Utilities
Algonquin Power & Utilities Corp.	AQN	015857105	CA0158571053	8.0449	0.80449
Brookfield Renewable Energy Partners LP/CA	BEP.UN	G16258108	BMG162581083	31.4882	3.14882
Capital Power Corporation	CPX	14042M102	CA14042M1023	26.0881	2.60881
Emera Inc.	EMA	290876101	CA2908761018	34.0921	3.40921
Enbridge Income Fund Holdings Inc.	ENF	29251R105	CA29251R1055	27.6499	2.76499
Fortis Inc/Canada	FTS	349553107	CA3495531079	32.5869	3.25869
Fortis Inc/Canada - Depositary Receipt	FTS.IR	349553AH0	CA349553AH05	38.9865	39.55636*
Keyera Corp.	KEY	493271100	CA4932711001	77.5010	7.72860
TransAlta Corp.	TA	89346D107	CA89346D1078	12.7977	1.27977
Real Estate
American Hotel Income Properties REIT LP	HOT.UN	026695106	CA0266951064	10.3418	1.03418
Artis Real Estate Investment Trust	AX.UN	04315L105	CA04315L1058	15.5086	1.55086
Calloway Real Estate Investment Trust	CWT.UN	131253205	CA1312532056	26.0757	2.60757
Canadian Apartment Properties REIT	CAR.UN	134921105	CA1349211054	22.8929	2.28929
Canadian Real Estate Investment Trust	REF.UN	13650J104	CA13650J1049	45.0871	4.50871
Chartwell Retirement Residences	CSH.UN	16141A103	CA16141A1030	10.6470	1.06470
Cominar Real Estate Investment Trust	CUF.UN	199910100	CA1999101001	18.6774	1.86774
Crombie Real Estate Investment Trust	CRR.UN	227107109	CA2271071094	13.2522	1.32522
CT Real Estate Investment Trust	CRT.UN	126462100	CA1264621006	11.3392	1.13392
Dream Global Real Estate Investment Trust	DRG.UN	26154A106	CA26154A1066	9.4754	0.94754
Dream Office Real Estate Investment Trust	D.UN	26153P104	CA26153P1045	29.0853	2.90853
FAM Real Estate Investment Trust	F.UN	302401104	CA3024011049	8.7212	0.87212
H&R Real Estate Investment Trust	HR.UN	404428203	CA4044282032	22.9782	2.28657
Milestone Apartments Real Estate Investment Trust	MST.UN	59934P101	CA59934P1018	10.6298	1.06298
Northern Property Real Estate Investment Trust	NPR.UN	665624110	CA6656241107	28.5928	2.85928
Pure Industrial Real Estate Trust	AAR.UN	74623T108	CA74623T1084	4.5977	0.45977
Regal Lifestyle Communities Inc.	RLC	75882T101	CA75882T1012	8.1397	0.81397
RioCan Real Estate Investment Trust	REI.UN	766910103	CA7669101031	26.8098	2.68098
True North Apartment Real Estate Investment Trust	TN.UN	89784X136	CA89784X1362	8.1926	0.81926
Energy
AltaGas Ltd.	ALA	021361100	CA0213611001	49.1188	4.91188
Calfrac Well Services Ltd.	CFW	129584108	CA1295841086	21.1572	2.11572
Enbridge Inc.	ENB	29250N105	CA29250N1050	50.5269	5.05269
Ensign Energy Services Inc.	ESI	293570107	CA2935701078	17.2226	1.72226
Gibson Energy Inc.	GEI	374825206	CA3748252069	33.5732	3.35732
Innergex Renewable Energy Inc.	INE	45790B104	CA45790B1040	10.7975	1.07975
Inter Pipeline Ltd.	IPL	45833V109	CA45833V1094	32.3910	3.22835
Pembina Pipeline Corp.	PPL	706327103	CA7063271034	45.0637	4.50637
Precision Drilling Corp.	PD	74022D308	CA74022D3085	14.9960	1.49960
Secure Energy Services Inc.	SES	81373C102	CA81373C1023	23.0975	2.30975
TransCanada Corp.	TRP	89353D107	CA89353D1078	51.5535	5.15535
Trican Well Service Ltd.	TCW	895945103	CA8959451037	17.1138	1.71138
Veresen Inc.	VSN	92340R106	CA92340R1064	19.0756	1.90756
Industrials
Aecon Group Inc.	ARE	00762V109	CA00762V1094	16.8035	1.68035
Canadian National Railway Co.	CNR	136375102	CA1363751027	69.8772	6.98772
Canadian Pacific Railway Ltd.	CP	13645T100	CA13645T1003	195.7029	19.57029
Finning International Inc.	FTT	318071404	CA3180714048	30.8973	3.08973
Newalta Corp.	NAL	65020P103	CA65020P1036	20.6482	2.06482
SNC-Lavalin Group Inc.	SNC	78460T105	CA78460T1057	55.6824	5.56824
Funds
ENERGY INDEXPLUS Dividend Fund	IDE.UN	29271G105	CA29271G1054	12.0254	1.20254
iShares S&P/TSX 60 Index ETF	XIU	46428D108	CA46428D1087	21.8259	2.18259
Other
Labrador Iron Ore Royalty Corp.	LIF	505440107	CA5054401073	30.8220	3.08220
MacDonald Dettwiler & Associates Ltd.	MDA	554282103	CA5542821031	84.6914	8.46914
Superior Plus Corp.	SPB	86828P103	CA86828P1036	14.0345	1.40345
Westshore Terminals Investment Corp.	WTE	96145A200	CA96145A2002	32.4936	3.24936

*Based on an exchange per $1,000 of face value for each depositary receipt

The syndicate of agents is being co-led by CIBC, RBC Capital Markets and Scotiabank and includes BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., GMP Securities L.P., Canaccord Genuity Corp., Raymond James Ltd., Middlefield Capital Corporation, Dundee Securities Ltd., Mackie Research Capital Corporation and Manulife Securities Incorporated.

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 using the contact information for such advisor.  Investors should read the prospectus before making an investment decision.

SOURCE: Global Infrastructure Dividend Fund

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.