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 |