TORONTO, April 10, 2012 /CNW/ - Middlefield Income Plus II Corp. announced today its intention to make a normal course issuer bid for its equity shares through the facilities of the Toronto Stock Exchange (the "TSX"). This normal course issuer bid will commence on April 12, 2012 and will terminate on April 11, 2013.
The Fund had 5,000,000 equity shares issued and outstanding as at April 4, 2012. The Fund may, during the 12 month period commencing April 12, 2012 purchase on the TSX up to 481,220 equity shares, being 10% of the public float of 4,812,200 equity shares and may not, in any 30 day period, purchase more than 100,000 equity shares, being 2% of the equity shares issued and outstanding. The Fund will cancel all equity shares purchased pursuant to the bid. Middlefield Income Plus II Corp believes that its equity shares represent good value for the Fund and purchases under the normal course issuer bid may serve to enhance returns to shareholders.
Middlefield Income Plus II Corp trades on the Toronto Stock Exchange under the symbol "MIP".
For further information:
For further information visit our website at www.middlefield.com or contact the undersigned:
Managing Director, Sales and Marketing