Exchange Bulletin
Sustainable Agriculture & Wellness Dividend Fund (AGR.UN) To Trade On Toronto Stock Exchange
June 18, 2021
| Issuer: | Sustainable Agriculture & Wellness Dividend Fund (the "Fund") |
| Security: | Trust units ("Units") |
| Symbol: | AGR.UN |
| Issued and outstanding securities: | Up to 10,000,000 |
| Reserved securities: | 1,560,000 |
| Issue price: | $10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Units (the "Offering") |
| Listing date: | June 21, 2021 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | June 22, 2021 |
| Posted for trading date: | June 22, 2021 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Temporary market maker: | TD Securities Inc. |
| Security ownership registration: | CDS book-entry system |
| Investor relations: | Francisco Z. Ramirez President, Middlefield Limited (403) 269-2100 framirez@middlefield.com - OR – Catherine E. Rebuldela Chief Financial Officer, Middlefield Limited (403) 269-2100 crebuldela@middlefield.com |
| Incorporation: | An investment fund established as a trust under the laws of the Province of Alberta pursuant to a declaration of trust dated as of May 18, 2021. |
| Manager and Trustee: | Middlefield Limited |
| Fiscal year end: | December 31 |
| Nature of business: | The Fund's investment objectives are to provide holders of Units with: (i) stable monthly cash distributions; and (ii) enhanced long-term total return through capital appreciation of the Fund's investment portfolio, through a diversified, actively managed portfolio comprised primarily of dividend paying securities of international issuers focused on, involved in, or that derive a significant portion of their revenue from business models that include major innovations in the agriculture and wellness industries and promote sustainable living and well-being (collectively, "Agriculture & Wellness Issuers"). Middlefield Capital Corporation (the "Advisor") will integrate environmental, social and governance considerations to complement fundamental analysis in selecting Agriculture & Wellness Issuers it believes have sustainable competitive advantages and will provide investors with excellent diversification and attractive long-term returns as Canadian investors generally do not have significant exposure to these sectors. In addition, the Advisor also intends to consider and incorporate environmental, social and governance criteria in the investment process to help screen and evaluate potential issuers. |
| Transfer agent and registrar: | Middlefield Capital Corporation at its principal office in Toronto. |
| Distributions | The Fund intends to provide Unitholders with monthly cash distributions. The initial target distribution amount for the period ending July 31, 2022 is $0.03333 per Unit per month (corresponding to an annualized distribution of $0.40 per Unit per annum and representing an annualized yield of 4.0% per annum based on the original subscription price). |
| Sponsorship: | Not applicable |
| Disclosure document: | Prospectus dated May 18, 2021, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Disclosure document. |
| Initial public offering: | Pursuant to the terms of the Prospectus, a maximum of 10,000,000 Units (and a minimum of 2,500,000 Units) at a price of $10.00 per Unit, are being offered to the public. In addition, the underwriters have been granted an over-allotment option to purchase up to an additional 1,500,000 Units from treasury at the Offering Price. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |