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Exchange Bulletin

Digital Consumer Dividend Fund (MDC.UN) To Trade On Toronto Stock Exchange


June 25, 2019

Issuer: Digital Consumer Dividend Fund

Security Symbol Issued and Outstanding Securities Reserved Securities Issue Price
Trust units (the "Units") MDC.UN 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: June 26, 2019 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: June 27, 2019
Posted for trading date: June 27, 2019 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Designated market maker: RBC Capital Markets
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 May 24, 2019.
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 global issuers focused on, involved in, or that derive a significant portion of their revenue from developing products or services related to digital consumer themes, including streaming, digital content, cybersecurity, social networking, e-commerce and connectivity.
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 September 30, 2020 is $0.03333 per Unit per month (corresponding to an annualized distribution of $0.40 per Unit per annum and representing an annualized yield of 4.0% per annum based on the original subscription price).
Sponsorship: Not applicable
Disclosure document: Prospectus dated May 24, 2019 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 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