Middlefield Healthcare & Wellness Dividend Fund Announces Exchange Ratios

CALGARY, Oct. 6, 2016 /CNW/ - Middlefield Group, on behalf of Middlefield Healthcare & Wellness 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 September 20, 2016.

The Fund's investment objectives are to provide holders of units of the Fund ("Units") with:

(i) stable monthly cash distributions, and

(ii) enhanced long-term total return through capital appreciation of the Fund's investment portfolio.

The Fund's investment strategy will focus on investing in securities of issuers operating in or that derive a significant portion of their earnings or revenue from products or services related to the healthcare, wellness and related industries.

The initial target distribution yield for the Fund is 5% per annum based on the original subscription price (or $0.04167 per Unit per month or $0.50 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 October 6, 2016 (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. The Exchange Ratio for any such securities that do not trade in Canadian dollars was determined by converting the weighted average trading price on the applicable exchange of such securities into Canadian dollars based on today's Bank of Canada noon rate of exchange. 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
Healthcare
Abbott Laboratories	ABT	002824100	US0028241000	56.0848	5.57413
AbbVie Inc.	ABBV	00287Y109	US00287Y1091	83.2307	8.24776
Aetna Inc.	AET	00817Y108	US00817Y1082	151.6302	15.12999
Agilent Technologies Inc.	A	00846U101	US00846U1016	62.1515	6.21514
Alexion Pharmaceuticals Inc.	ALXN	015351109	US0153511094	162.4722	16.24721
AmerisourceBergen Corporation	ABC	03073E105	US03073E1055	106.1227	10.61226
Amgen Inc.	AMGN	031162100	US0311621009	220.6503	22.06503
Anthem Inc.	ANTM	036752103	US0367521038	162.7313	16.27313
Baxter International Inc.	BAX	071813109	US0718131099	62.9627	6.29626
Becton, Dickinson and Company	BDX	075887109	US0758871091	234.6327	23.46327
Biogen Inc.	BIIB	09062X103	US09062X1037	410.4467	41.04467
Boston Scientific Corporation	BSX	101137107	US1011371077	31.0206	3.10206
Bristol-Myers Squibb Company	BMY	110122108	US1101221083	72.2793	7.17773
Celgene Corporation	CELG	151020104	US1510201049	138.0164	13.80163
Chartwell Retirement Residences	CSH.UN	16141A103	CA16141A1030	15.7711	1.57711
Cigna Corporation	CI	125509109	US1255091092	169.8027	16.98026
CR Bard Inc.	BCR	067383109	US0673831097	293.7154	29.37153
Eli Lilly & Company	LLY	532457108	US5324571083	106.9209	10.69209
Extendicare Inc.	EXE	30224T863	CA30224T8639	9.3808	0.93808
Gilead Sciences Inc.	GILD	375558103	US3755581036	102.6478	10.26477
Illumina Inc.	ILMN	452327109	US4523271090	241.4369	24.14369
Johnson & Johnson	JNJ	478160104	US4781601046	156.5875	15.65875
McKesson Corporation	MCK	58155Q103	US58155Q1031	218.5049	21.85048
Medical Facilities Corporation	DR	58457V503	CA58457V5036	22.0228	2.20228
Merck & Co Inc.	MRK	58933Y105	US58933Y1055	82.5106	8.25105
PDL BioPharma Inc.	PDLI	69329Y104	US69329Y1047	4.3652	0.43652
Pfizer Inc.	PFE	717081103	US7170811035	44.5741	4.45741
Regeneron Pharmaceuticals, Inc.	REGN	75886F107	US75886F1075	524.6662	52.46661
Sienna Senior Living Inc.	SIA	82621K102	CA82621K1021	16.7741	1.67741
Thermo Fisher Scientific Inc.	TMO	883556102	US8835561023	209.1136	20.91136
UnitedHealth Group Inc.	UNH	91324P102	US91324P1021	182.3462	18.23462
Walgreens Boots Alliance Inc.	WBA	931427108	US9314271084	106.1779	10.61778
Wellness
adidas AG	ADDYY	00687A107	US00687A1079	115.0406	11.50406
Ag Growth International Inc.	AFN	001181106	CA0011811068	44.5589	4.45589
Agrium Inc.	AGU	008916108	CA0089161081	118.3243	11.83243
AGT Food & Ingredients Inc.	AGT	001264100	CA0012641001	37.5919	3.75919
Archer-Daniels-Midland Company	ADM	039483102	US0394831020	56.5232	5.65232
Cedar Fair L.P.	FUN	150185106	US1501851067	76.0477	7.60477
CF Industries Holdings Inc.	CF	125269100	US1252691001	32.2887	3.22886
Columbia Sportswear Company	COLM	198516106	US1985161066	74.8945	7.48944
Deere & Company	DE	244199105	US2441991054	112.6170	11.26169
Empire Company Limited	EMP.A	291843407	CA2918434077	19.4974	1.93949
Foot Locker, Inc.	FL	344849104	US3448491049	89.3666	8.90032
General Mills Inc.	GIS	370334104	US3703341046	83.3020	8.26679
Gildan Activewear Inc.	GIL	375916103	CA3759161035	36.4672	3.64672
HCP, Inc.	HCP	40414L109	US40414L1098	49.1160	4.91159
Hormel Foods Corporation	HRL	440452100	US4404521001	49.5318	4.95318
Kellogg Company	K	487836108	US4878361082	101.1071	10.11070
Kohl's Corporation	KSS	500255104	US5002551043	57.9306	5.79306
lululemon athletica Inc.	LULU	550021109	US5500211090	79.0361	7.90360
Medical Properties Trust Inc.	MPW	58463J304	US58463J3041	19.1277	1.91276
Mondelez International Inc.	MDLZ	609207105	US6092071058	57.4614	5.74613
Monsanto Company	MON	61166W101	US61166W1018	135.5843	13.48709
The Mosaic Company	MOS	61945C103	US61945C1036	32.7305	3.27305
NIKE Inc.	NKE	654106103	US6541061031	69.3118	6.93118
NorthWest Healthcare Properties Real Estate Investment Fund	NWH.UN	667495105	CA6674951059	10.2872	1.02872
Potash Corporation of Saskatchewan Inc.	POT	73755L107	CA73755L1076	21.2983	2.11983
The Procter & Gamble Company	PG	742718109	US7427181091	117.6097	11.76096
Sabra Health Care REIT, Inc.	SBRA	78573L106	US78573L1061	32.3753	3.23753
Senior Housing Properties Trust	SNH	81721M109	US81721M1099	29.0123	2.90123
Six Flags Entertainment Corporation	SIX	83001A102	US83001A1025	70.8818	7.08818
Tyson Foods Inc.	TSN	902494103	US9024941034	98.0988	9.80987
WebMD Health Corp.	WBMD	94770V102	US94770V1026	65.8878	6.58877
Whole Foods Market Inc.	WFM	966837106	US9668371068	37.7963	3.77963
Other
Algonquin Power & Utilities Corp.	AQN	15857105	CA0158571053	11.5478	1.15478
Algonquin Power & Utilities Corp Instalment Receipts	AQN.IR	015857AE5	CA015857AE57	40.4785	40.76620*
AltaGas Ltd.	ALA	021361100	CA0213611001	33.3905	3.33905
ARC Resources Ltd.	ARX	00208D408	CA00208D4084	23.8826	2.38826
Bank of Montreal	BMO	063671101	CA0636711016	84.6419	8.46419
Bank of Nova Scotia,The	BNS	064149107	CA0641491075	69.5043	6.95043
BCE Inc.	BCE	05534B760	CA05534B7604	60.2529	6.02529
Bonavista Energy Corporation	BNP	09784Y108	CA09784Y1088	4.2719	0.42719
Canadian Apartment Properties Real Estate Investment Fund	CAR.UN	134921105	CA1349211054	29.2987	2.92987
Canadian Imperial Bank of Commerce	CM	136069101	CA1360691010	100.7775	10.07775
Canadian Utilities Limited Cumulative Redeemable Second Preferred Shares Series Y	CU.PR.C	136717691	CA1367176916	18.3020	1.83020
CI Financial Corp.	CIX	125491100	CA1254911003	24.9112	2.49112
Cominar Real Estate Investment Fund	CUF.UN	199910100	CA1999101001	14.7365	1.47365
Crescent Point Energy Corporation	CPG	22576C101	CA22576C1014	17.8214	1.78214
Crombie Real Estate Investment Fund	CRR.UN	227107109	CA2271071094	13.8524	1.38524
Dream Global Real Estate Investment Fund	DRG.UN	26154A106	CA26154A1066	8.8574	0.88574
Dream Office Real Estate Investment Fund	D.UN	26153P104	CA26153P1045	16.7327	1.67327
Emera Incorporated	EMA	290876101	CA2908761018	46.3783	4.63783
Enbridge Inc.	ENB	29250N105	CA29250N1050	57.6316	5.76316
Enbridge Inc. Cumulative Redeemable Preference Shares Series 3	ENB.PR.Y	29250N683	CA29250N6836	15.5521	1.55521
Enbridge Inc. Cumulative Redeemable Preference Shares Series B	ENB.PR.B	29250N709	CA29250N7099	14.7343	1.47343
Enbridge Inc. Cumulative Redeemable Preference Shares Series D	ENB.PR.D	29250N881	CA29250N8816	14.9646	1.49646
Enbridge Inc. Cumulative Redeemable Preference Shares Series R	ENB.PR.T	29250N733	CA29250N7339	15.7606	1.57605
Enbridge Income Fund Holdings Inc.	ENF	29251R105	CA29251R1055	33.9813	3.39813
First Capital Realty Inc.	FCR	31943B100	CA31943B1004	21.8252	2.18252
Fortis Inc.	FTS	349553107	CA3495531079	41.3299	4.13299
Fortis Inc. Cumulative Redeemable Fixed Rate Reset First Preference Shares Series K	FTS.PR.K	349553784	CA3495537845	17.8031	1.78030
H&R Real Estate Investment Fund	HR.UN	404428203	CA4044282032	21.8402	2.17277
Inter Pipeline Ltd.	IPL	45833V109	CA45833V1094	27.7803	2.77803
Manulife Financial Corporation	MFC	56501R106	CA56501R1064	18.7842	1.87842
National Bank of Canada	NA	633067103	CA6330671034	46.3324	4.63324
Pembina Pipeline Corporation	PPL	706327103	CA7063271034	40.1434	4.01434
Pembina Pipeline Corporation Cumulative Redeemable Rate Reset Class A Preferred Shares Series 1	PPL.PR.A	706327202	CA7063272024	16.4189	1.64189
Power Financial Corporation	PWF	73927C100	CA73927C1005	30.4079	3.04079
RioCan Real Estate Investment Fund	REI.UN	766910103	CA7669101031	26.3948	2.63948
Royal Bank of Canada	RY	780087102	CA7800871021	81.4730	8.14730
Smart Real Estate Investment Fund.	SRU.UN	131253205	CA1312532056	34.7535	3.47535
Sun Life Financial Inc.	SLF	866796105	CA8667961053	42.9101	4.29101
Suncor Energy Inc.	SU	867224107	CA8672241079	36.5957	3.65957
TELUS Corporation	T	87971M103	CA87971M1032	43.1272	4.31272
The Toronto-Dominion Bank	TD	891160509	CA8911605092	58.2925	5.77425
TransCanada Corporation	TRP	89353D107	CA89353D1078	62.1974	6.21974
TransCanada Corporation Cumulative Redeemable First Preferred Shares Series 7	TRP.PR.D	89353D883	CA89353D8834	17.9378	1.79377
Veresen Inc.	VSN	92340R106	CA92340R1064	13.3189	1.33189

*Based on an exchange per $1,000 of face value

The syndicate of agents is being co-led by CIBC and RBC Capital Markets, and includes Scotiabank, BMO Capital Markets, 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 Middlefield Healthcare & Wellness Dividend Fund

please visit our website at www.middlefield.com or contact Nancy Tham or Michael Bury in our Sales and Marketing department at 1.888.890.1868.