Global Real Estate Dividend Growers Corp. Announces Exchange Ratios

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.

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.