CALGARY, Jan. 28, 2015 /CNW/ - Middlefield Group is pleased to announce that Middlefield U.S. Dividend Growth Class (MID 710/719/720/701) ("U.S. Dividend Growth Class" or the "Fund") has initiated a monthly distribution of $0.025 per share to shareholders commencing in February 2015, representing a yield of approximately 2.6% per annum based on the Fund's net asset value on January 26, 2015 of $11.34. The distribution is supported by strong dividend growth from the Fund's portfolio companies.
Middlefield Group is also pleased to announce that U.S. Dividend Growth Class expects to receive approximately $32 million in cash from the rollover of Discovery 2012 Flow-Through Limited Partnership, to take place on or about February 11, 2015.
The objective of the U.S. Dividend Growth Class is to maximize long-term total return by investing in a diversified, actively managed portfolio comprised primarily of dividend paying equity and fixed income securities of U.S. issuers. In addition, the Fund is focused on sectors that are underrepresented in Canada such as technology and healthcare, and that have exhibited a history of strong dividend growth. The U.S. Dividend Growth Class is expected to benefit from a strengthening U.S. economy which will be supported by higher wages and increased consumer and corporate spending.
SOURCE Middlefield US Dividend Growth Class
For further information: visit our website at www.middlefield.com or contact the undersigned. Nancy Tham, Managing Director, Sales and Marketing, Direct: 416.847.5349, Toll-Free: 1.888.890.1868