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Global Real Estate Dividend Growers Corp. Announces Exchange Ratios


News provided by

Global Real Estate Dividend Growers Corp.

Jul 07, 2015, 20:20 ET

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CALGARY, July 7, 2015 /CNW/ - Middlefield Group, on behalf of Global Real Estate Dividend Growers Corp. (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 24, 2015.

The Fund's investment objectives are to provide holders of 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 primarily on investing in securities of issuers operating in the global real estate sector and related industries and that have exhibited sustainable dividend growth.

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

The number of shares 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 7, 2015 (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 shares 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

Office Real Estate






Allied Properties REIT

AP.UN

019456102

CA0194561027

36.2576

3.62576

Artis REIT

AX.UN

04315L105

CA04315L1058

13.6542

1.36542

Cominar REIT

CUF.UN

199910100

CA1999101001

17.8300

1.78300

Dream Global REIT

DRG.UN

26154A106

CA26154A1066

9.8515

0.98515

Dream Office REIT

D.UN

26153P104

CA26153P1045

24.5068

2.45068

Inovalis REIT

INO.UN

45780E100

CA45780E1007

9.0982

0.90982


Residential Real Estate






Canadian Apartment Properties REIT

CAR.UN

134921105

CA1349211054

27.4622

2.74622

Killam Properties Inc.

KMP

494104870

CA4941048700

10.1591

1.01591

Milestone Apartments REIT

MST.UN

59934P101

CA59934P1018

12.5114

1.25114

Northern Property REIT

NPR.UN

665624110

CA6656241107

22.3633

2.23633







Healthcare Real Estate






Chartwell Retirement Residences

CSH.UN

16141A103

CA16141A1030

11.3806

1.13806

Extendicare Inc.

EXE

30224T863

CA30224T8639

7.6263

0.76263

Medical Properties Trust Inc.

MPW

58463J304

US58463J3041

17.0161

1.70160

NorthWest Healthcare Properties REIT

NWH.UN

667495105

CA6674951059

7.7762

0.77762







Industrial Real Estate






Dream Industrial REIT

DIR.UN

26153W109

CA26153W1095

8.2230

0.82230

Granite REIT

GRT.UN

387437114

CA3874371147

42.1550

4.21550

Pure Industrial Real Estate Trust

AAR.UN

74623T108

CA74623T1084

4.6899

0.46899

STAG Industrial, Inc.

STAG

85254J102

US85254J1025

25.8473

2.58472

Summit Industrial Income REIT

SMU.U

866120116

CA8661201167

5.9922

0.59922







Leisure Real Estate






American Hotel Income Properties REIT LP

HOT.UN

026695106

CA0266951064

10.3472

1.03472

InnVest REIT

INN.UN

45771T132

CA45771T1324

5.0600

0.50600

Starwood Property Trust Inc.

STWD

85571B105

US85571B1052

27.8081

2.78081







Retail Real Estate






Calloway REIT

CWT.UN

131253205

CA1312532056

29.2258

2.92258

Crombie REIT

CRR.UN

227107109

CA2271071094

12.5147

1.25147

Plaza Retail REIT

PLZ.UN

72820F103

CA72820F1036

4.3050

0.43050

Retrocom REIT

RMM.UN

761298108

CA7612981083

3.4776

0.34776

RioCan REIT

REI.UN

766910103

CA7669101031

26.8331

2.68331

Slate Retail REIT

SRT.UN

831022116

CA8310221160

13.0142

1.30142







Diversified & Other Real Estate






Agellan Commercial REIT

ACR.UN

00844Y105

CA00844Y1051

8.7579

0.87579

Brookfield Property Partners L.P.

BPY.UN

N/A

BMG162491077

28.0903

2.80903

Canadian REIT

REF.UN

13650J104

CA13650J1049

43.0228

4.30228

Corrections Corp. of America

CXW

22025Y407

US22025Y4070

42.4707

4.24707

First Capital Realty Inc.

FCR

31943B100

CA31943B1004

17.8208

1.78208

H&R REIT

HR.UN

404428203

CA4044282032

22.5433

2.24308







Financials






Bank of Montreal

BMO

063671101

CA0636711016

74.0007

7.40007

Bank of Nova Scotia

BNS

064149107

CA0641491075

64.1826

6.41826

Canadian Imperial Bank of Commerce

CM

136069101

CA1360691010

91.9405

9.19405

Great-West Lifeco Inc.

GWO

39138C106

CA39138C1068

36.5917

3.65917

National Bank of Canada

NA

633067103

CA6330671034

46.7862

4.67862

Power Financial Corp.

PWF

73927C100

CA73927C1005

35.7527

3.57527

Royal Bank of Canada

RY

780087102

CA7800871021

76.3960

7.63960

Sun Life Financial Inc.

SLF

866796105

CA8667961053

41.7668

4.17668

Toronto-Dominion Bank

TD

891160509

CA8911605092

53.0898

5.25798







Funds






iShares S&P/TSX 60 Index ETF

XIU

46428D108

CA46428D1087

21.3825

2.13825

iShares S&P/TSX Capped REIT Index ETF

XRE

46431D103

CA46431D1033

16.0336

1.60336







Preferred Securities






Artis REIT

AX.PR.E

04315L709

CA04315L7097

16.3947

1.63947

BCE Inc

BCE.PR.M

05534B646

CA05534B6465

17.1824

1.71823

BCE Inc.

BCE.PR.K

05534B679

CA05534B6796

17.0654

1.70654

Brookfield Asset Management Inc.

BAM.PR.X

112585690

CA1125856908

17.3218

1.73217

Canaccord Genuity Group Inc.

CF.PR.C

134801604

CA1348016041

16.6134

1.66134

Enbridge Inc.

ENB.PR.F

29250N865

CA29250N8659

18.1606

1.81606

Enbridge Inc.

ENB.PR.H

29250N840

CA29250N8402

16.8057

1.68057

Enbridge Inc.

ENB.PR.B

29250N709

CA29250N7099

17.4443

1.74442

Great-West Lifeco Inc.

GWO.PR.N

39138C791

CA39138C7917

16.9834

1.69833

Husky Energy Inc.

HSE.PR.A

448055202

CA4480552021

16.2007

1.62007

Husky Energy Inc.

HSE.PR.G

448055806

CA4480558069

24.4322

2.44321

Intact Financial Corp.

IFC.PR.A

45823T304

CA45823T3047

19.6559

1.96559

Manulife Financial Corp.

MFC.PR.F

56501R858

CA56501R8580

17.4004

1.74003

Northland Power Inc.

NPI.PR.A

666511308

CA6665113081

16.5672

1.65671

RioCan REIT

REI.PR.A

766910301

CA7669103011

19.9419

1.99418

RioCan REIT

REI.PR.C

766910129

CA7669101296

21.8689

2.18688

Shaw Communications Inc.

SJR.PR.A

82028K879

CA82028K8793

15.6823

1.56822

Sun Life Financial Inc.

SLF.PR.G

866796881

CA8667968819

16.4312

1.64312

Sun Life Financial Inc.

SLF.PR.H

866796865

CA8667968652

20.9169

2.09168

TransAlta Corp.

TA.PR.H

89346D727

CA89346D7273

16.2273

1.62272

TransCanada Corp.

TRP.PR.B

89353D503

CA89353D5038

14.7550

1.47549

TransCanada Corp.

TRP.PR.C

89353D701

CA89353D7018

16.2507

1.62507

The syndicate of agents is being co-led by CIBC, RBC Capital Markets and Scotiabank and includes 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.

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 Real Estate Dividend Growers Corp.

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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Organization Profile

Global Real Estate Dividend Growers Corp.

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