Exchange Bulletin
Sustainable Infrastructure Dividend Fund (INF.UN) To Trade On Toronto Stock Exchange
March 23, 2020
Issuer: Sustainable Infrastructure Dividend Fund (the "Fund")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Trust units (the "Units") | INF.UN | 12,500,000 | 1,935,000 | $10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Units (the "Offering") |
| Listing date: | March 24, 2020 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | March 25, 2020 |
| Posted for trading date: | March 25, 2020 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | W.D. Latimer Co. Ltd. |
| 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 February 14, 2020. |
| 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 (the "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 physical infrastructure assets (collectively, "Infrastructure Issuers"), which the Advisor believes will generate attractive risk adjusted returns for the Fund due to the tangible, difficult to replicate, long-term nature of such assets and their ability to shape and support global economic activity. In addition, the Portfolio will be focused on sustainable infrastructure by investing in securities of Infrastructure Issuers whose assets the Advisor believes have been developed and operated taking into account environmental, social and governance considerations. |
| 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 June 30, 2021 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 February 14, 2020, 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 12,500,000 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 |