CALGARY,
March 12, 2014 /CNW/ - Middlefield
Group, on behalf of Global Dividend Growers Income Fund (the
"Fund"), is pleased to announce that it has established the price
for its previously announced treasury offering of units of the Fund
at $11.48 per unit. The offering
price was established so as to be at least equal to the net asset
value per unit plus expenses of the offering, determined as of
yesterday and prior to today's pricing of the offering, in order to
ensure that existing unitholders are not diluted.
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.
Middlefield Capital Corporation acts as the
investment advisor to the Fund.
Units trade under the TSX symbol "GDG.UN".
The syndicate of agents is co-led by CIBC and
RBC Capital Markets and includes BMO Capital Markets, National Bank
Financial Inc., Scotiabank, TD Securities Inc., GMP Securities
L.P., Canaccord Genuity Corp., Raymond James Ltd, Middlefield
Capital Corporation, Dundee Securities Ltd., Mackie Research
Capital Corporation and Manulife Securities Incorporated.
A preliminary prospectus containing
important information relating to these securities has been filed
with securities commission or similar authorities in all
jurisdictions of Canada. The
preliminary prospectus is still subject to completion or amendment.
Copies of the preliminary prospectus may be obtained from members
of the syndicate of agents named above or from your IIROC
registered financial advisor using the contact information for such
agent or IIROC advisor. There will not be any sale or
acceptance of an offer to buy the securities until a receipt for
the final prospectus has been issued.
SOURCE Global Dividend Growers Income Fund