Exchange Bulletin

International Clean Power Dividend Fund (CLP.UN) To Trade On Toronto Stock Exchange

March 16, 2021

Issuer: International Clean Power Dividend Fund (the "Fund")

SecuritySymbolIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
Trust units (the "Units") CLP.UN Up to 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: March 17, 2021 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: March 18, 2021
Posted for trading date: March 18, 2021 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Designated market maker: TD Securities Inc.
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 11, 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 (the "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 renewable power and related sectors, including those whose operations may be related to wind, solar, hydrogen, electric vehicles & batteries and grid infrastructure which Middlefield Capital Corporation (the "Advisor") believes will provide investors with excellent diversification and attractive long-term returns as Canadian investors generally do not have significant exposure to these sectors since the majority are internationally-listed entities. 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 April 30, 2022 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 11, 2021, which is available at 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 7,500,000 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 3,000,000 Units from treasury at the Offering Price.
TSX contact: Chris Birkett,
Managing Director,
Toronto Stock Exchange