CALGARY, Nov. 25, 2013 /CNW/ - Middlefield Group, on behalf of MINT Income Fund (the "Fund"), is pleased to announce the successful completion, effective November 15, 2013, of the conversion of its Class A units into the Fund's existing class of trust units (the "Existing Units") on a one-for-one basis.
Unitholders of the Class A units are not required to take any action in order to be recognized as unitholders of the Existing Units and to be in a position to trade the Existing Units on the Toronto Stock Exchange (the "TSX").
MINT Income Fund is managed in accordance with its investment objectives which include (i) a high level of sustainable income distributed monthly over the life of the Fund (currently targeted to be $0.06 per Unit per month, or $0.72 per Unit per annum); (ii) a cost-effective method of reducing the risk of investing in high income securities; and (iii) the potential for capital appreciation by investing in an actively managed, diversified portfolio comprised primarily of high yielding equity securities.
The Existing Units trade on the TSX under the symbol MID.UN.
SOURCE: MINT Income Fund
For further information:
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.