TORONTO, Aug. 29, 2013 /CNW/ - Middlefield Group, on
behalf of Global Dividend Growers Income Fund (the "Fund"),
is pleased to announce that it has filed a final prospectus with
respect to a treasury offering of units of the Fund, with a maximum
offering size of approximately $50
million (5,000,000 units). The offering price is
$10.04 per unit and was
established so as to be at least equal to the net asset value per
unit plus expenses of the offering on the date of pricing to ensure
that existing unitholders are not diluted. Closing of the offering
is expected to occur on or about September
9, 2013.
Global Dividend Growers Income Fund is
designed to provide investors with a low-cost investment in global
issuers that have exhibited a history of strong dividend
growth.
The Fund's investment objectives are
to:
(i) provide holders of units with stable monthly
cash distributions and to grow distributions over time, and
(ii) enhance long-term total return through
capital appreciation of the Fund's investment portfolio,
through an investment strategy which combines
passive and active portfolio management and entails investing
primarily in securities of global, including Canadian and U.S.,
issuers which have exhibited strong dividend growth.
The Fund's target distribution amount for the
period ending March 31, 2014 is
$0.05 per unit per month
(corresponding to an annualized distribution of $0.60 per unit per annum).
Middlefield Capital Corporation acts as the
investment advisor to the Fund.
Units trade under the TSX symbol "GDG.UN".
The syndicate of agents is being co-led by
CIBC and RBC Capital Markets and includes Scotiabank, BMO Capital
Markets, National Bank Financial Inc., TD Securities Inc.,
Canaccord Genuity Corp., Macquarie Private Wealth Inc., Raymond
James Ltd., GMP Securities L.P., Mackie Research Capital
Corporation, Middlefield Capital Corporation and Dundee Securities Ltd.
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 Global Dividend Growers Income Fund