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Exchange Bulletin

Middlefield Healthcare & Wellness Dividend Fund (HWF.UN) To Trade On Toronto Stock Exchange


October 18, 2016

Issuer: Middlefield Healthcare & Wellness Dividend Fund (the "Fund")

SecuritySymbolCUSIPIssued and
Outstanding Securities
Reserved SecuritiesIssue Price
Trust units (the "Units") HWF.UN 596335 10 9 30,000,000 4,560,000 $10.00
Listing category: Non-Corporate
Trading currency: CDN$
Transaction: Initial public offering of Units (the "Offering")
Listing date: October 19, 2016 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: October 20, 2016
Posted for trading date: October 20, 2016 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Temporary market maker: W.D. Latimer Co Ltd.
Security ownership registration: CDS book-entry system
Investor relations: Robert F. Lauzon
President, Middlefield Limited
(403) 269-2100

- OR -

Francisco Z. Ramirez
Chief Financial Officer, Middlefield Limited
(403) 269-2100
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 September 20, 2016.
Manager and Trustee: Middlefield Limited (the "Manager")
Fiscal year end: December 31
Nature of business: The Fund's investment objectives are to provide holders of Units ("Unitholders") with: (i) stable monthly cash distributions; and (ii) enhanced long-term total return through capital appreciation of the Fund's investment portfolio; through an investment strategy which focuses primarily on investing in securities of issuers operating in or that derive a significant portion of their earnings or revenue from products or services related to the healthcare, wellness and related industries.
Transfer agent and registrar: MFL Management Limited at its principal office in Toronto.
Conversion: On or about April 15, 2019, the Fund will, subject to applicable law, which may require Unitholder and/or regulatory approval, be merged on a tax-deferred basis into an open-end mutual fund managed by the Manager or an affiliate which the Manager determines has substantially similar investment objectives.
Distributions The Fund intends to provide Unitholders with monthly cash distributions. The initial target distribution amount for the period ending November 30, 2017 is $0.04167 per Unit per month (corresponding to an annualized distribution of $0.50 per Unit per annum and representing an annualized yield of 5.0% per annum based on the original subscription price).
Sponsorship: Not applicable
Disclosure document: Prospectus dated September 20, 2016 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 30,000,000 Units (and a minimum of 3,000,000 Units) at a price of $10.00 per Unit, are being offered to the public.
TSX contact: Julie Shin
Director, Listed Issuer Services
Toronto Stock Exchange.