Bulletin de la Bourse
Middlefield Healthcare & Life Sciences Dividend Fund (LS.UN) inscrit à la Bourse de Toronto
Issuer: Middlefield Healthcare & Life Sciences Dividend Fund (the "Fund")
Security | Symbol | CUSIP | Issued and Outstanding Securities | Reserved Securities | Issue Price |
---|---|---|---|---|---|
Trust units (the "Units") | LS.UN | 596336 10 7 | 20,000,000 | 3,060,000 | $10.00 |
Listing category: | Non-Corporate |
Trading currency: | CDN$ |
Transaction: | Initial public offering of Units (the "Offering") |
Listing date: | July 20, 2017 (as at 5:01 pm) in anticipation of closing of the Offering. |
Anticipated closing date: | July 21, 2017 |
Posted for trading date: | July 21, 2017 (at the opening) subject to confirmation of closing of the Offering. |
Other market(s): | None |
Temporary market maker: | Integral Wealth Securities Limited |
Security ownership registration: | CDS book-entry system |
Investor relations: | Francisco Z. Ramirez President, Middlefield Limited (403) 269-2100 - OR – Catherine Rebuldela 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 June 23, 2017. |
Manager and Trustee: | Middlefield Limited |
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 that focuses primarily on investing in dividend-paying securities of issuers operating in, or that derive a significant portion of their revenue or earnings from, products or services related to the healthcare, life sciences and related industries. |
Transfer agent and registrar: | MFL Management Limited 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 October 31, 2018 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 June 23, 2017 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 20,000,000 Units (and a minimum of 5,000,000 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. |