TORONTO, Aug. 1 /CNW/ - Further to an announcement made on July 30, 2007,
Middlefield intends to merge YIELDPLUS Income Fund ("Yieldplus") (TSX: YP.UN),
Core IncomePlus Fund ("Core") (TSX: COZ.UN), MAXIN Income Fund ("Maxin") (TSX:
MXZ.UN), PATHFINDER Income Fund ("Pathfinder") (TSX: PAZ.UN) and MG Dividend
and Income Fund ("MG") (TSX: MGZ.UN) (collectively, the "Funds") with
Yieldplus being the continuing fund. In addition, the annual redemption dates
for each of Core, Maxin and Pathfinder will be moved up from November 30, 2007
to August 31, 2007, which also is the annual redemption date for Yieldplus and
MG. The manager of these Funds intends to shorten the required notice period
prior to which unitholders of these Funds must surrender their units to five
business days before August 31, 2007, being August 24, 2007.
Certain statements in this press release may be viewed as forward-looking
statements. Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, intentions, projections,
objectives, assumptions or future events or performance (often, but not
always, using words or phrases such as "expects", "is expected",
"anticipates", "plans", "estimates" or "intends" (or negative or grammatical
variations thereof), or stating that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved) are not
statements of historical fact and may be forward-looking statements.
Statements which may constitute forward-looking statements relate to: the
proposed timing of the merger and expected completion thereof; the expected
benefits of the merger; and the Funds that are proposed to be merged.
Forward-looking statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those reflected in
the forward-looking statements including as a result of changes in the general
economic and political environment, changes in applicable legislation, and the
performance of each Fund. There are no assurances the Funds can fulfill such
forward-looking statements and the Funds do not undertake any obligation to
update such statements. Such forward-looking statements are only predictions;
actual events or results may differ materially as a result of risks facing one
or more of the Funds, some of which are beyond the control of the Funds.
The planned merger is subject to TSX approval.
For further information:
For further information: please refer to the press release that was
issued on July 30, 2007 or contact Nancy Tham, Senior Vice President, at (416)