CALGARY,
March 28, 2014 /CNW/ - Middlefield
Group, on behalf of Global Dividend Growers Income Fund (the
"Fund"), is pleased to announce that it has completed the issuance
of an additional 125,000 units pursuant to the over-allotment
option granted to the agents in the Fund's recently completed
treasury offering. In aggregate, the Fund has raised gross
proceeds of $35.4 million.
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 was co-led by CIBC and
RBC Capital Markets and included 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.
Certain statements in this press release may
constitute forward-looking information, including statements
regarding distributions. Forward-looking statements are subject to
various risks and uncertainties that could cause estimates to
differ materially from the expectations expressed, including the
risk that the per unit distributions may decrease below the amount
expected, which could occur for various reasons beyond the control
of the Fund such as a decrease in the distributions paid by the
issuers of securities included in the Fund's portfolio or a change
in general economic conditions. The forward-looking information
contained in this press release constitutes the Fund's current
estimate, as of the date of this press release, with respect to the
matters covered hereby. Investors and others should not assume that
any forward-looking statement contained in this press release
represents the Fund's estimate as of any date other than the date
of this press release. Unless required by applicable securities
law, the Fund does not intend and does not assume any obligation to
update these forward-looking statements.
SOURCE Global Dividend Growers Income Fund