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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")

SecuritySymbolCUSIPIssued and Outstanding SecuritiesReserved SecuritiesIssue 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.