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Digital Consumer Dividend Fund (MDC.UN) inscrit à la Bourse de Toronto
25 juin 2019
Issuer: Digital Consumer Dividend Fund
Security |
Symbol |
Issued and Outstanding Securities |
Reserved Securities |
Issue Price |
Trust units (the "Units") |
MDC.UN |
15,000,000 |
2,310,000 |
$10.00 |
Listing category: |
Non-Corporate |
Trading currency: |
CDN$ |
Transaction: |
Initial public offering of Units (the "Offering") |
Listing date: |
June 26, 2019 (as at 5:01 pm) in anticipation of closing of the Offering. |
Anticipated closing date: |
June 27, 2019 |
Posted for trading date: |
June 27, 2019 (at the opening) subject to confirmation of closing of the Offering. |
Other market(s): |
None |
Designated market maker: |
RBC Capital Markets |
Security ownership registration: |
CDS book-entry system |
Investor relations: |
Francisco Z. Ramirez President, Middlefield Limited (403) 269-2100 - OR – Catherine E. 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 May 24, 2019. |
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 global issuers focused on, involved in, or that derive a significant portion of their revenue from developing products or services related to digital consumer themes, including streaming, digital content, cybersecurity, social networking, e-commerce and connectivity. |
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 September 30, 2020 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 24, 2019 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 15,000,000 Units (and a minimum of 2,500,000 Units) at a price of $10.00 per Unit, are being offered to the public. |
TSX contact: |
Chris Birkett, Director, Toronto Stock Exchange |