Exchange Bulletin
Middlefield Healthcare & Life Sciences Dividend Fund (LS.UN) To Trade On Toronto Stock Exchange
July 19, 2017
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. |