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Exchange Bulletin

European Focused Dividend Fund (EF.UN) To Trade On Toronto Stock Exchange


November 22, 2017

Issuer: European Focused Dividend Fund (the "Fund")

SecuritySymbolCUSIPIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
Trust units
(the "Units")
EF.UN 29877K 10 4 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: November 23, 2017 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: November 24, 2017
Posted for trading date: November 24, 2017 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Temporary market maker: Independent Trading Group.
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 October 25, 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 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 issuers that are domiciled in or derive a significant portion of their revenue from Europe.
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 February 28, 2019 is $0.05 per Unit per month (corresponding to an annualized distribution of $0.60 per Unit per annum and representing an annualized yield of 6.0% per annum based on the original subscription price).
Sponsorship: Not applicable
Disclosure document: Prospectus dated October 25, 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 15,000,000 Units (and a minimum of 3,000,000 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.