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Most $75 Million – Closing March 30, 2022
TORONTO, Feb. 28, 2022 (GLOBE NEWSWIRE) — Middlefield Group, on behalf of Sustainable Actual Property Dividend Fund (the “Fund”), is happy to announce that it has filed a ultimate prospectus in relation to an preliminary public providing of models at a value of $10.00 per unit. The utmost quantity of the providing is $75 million.
The Fund’s funding targets are to offer holders of models with:
(i) steady month-to-month money distributions, and
(ii) enhanced long-term complete return by capital appreciation of the Fund’s funding portfolio
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by a diversified, actively managed portfolio comprised primarily of dividend paying securities of worldwide issuers targeted on, concerned in, or that derive a good portion of their income from enterprise fashions which might be creating and remodeling the inexperienced property and associated sectors by using or creating sustainable property administration practices or supplies. The Advisor will combine environmental, social and governance concerns to enrich elementary evaluation in choosing such issuers for the portfolio that the Advisor believes have aggressive benefits (collectively, “Sustainable Actual Property Issuers”).
The preliminary goal distribution yield for the Fund is 5% each year primarily based on the unique subscription value (or $0.04167 per unit per 30 days or $0.50 per unit each year).
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Middlefield Capital Company (the “Advisor”) will present funding administration recommendation to the Fund.
The syndicate of brokers is being co-led by CIBC Capital Markets and RBC Capital Markets, and contains Scotiabank, BMO Capital Markets, Canaccord Genuity Corp., Raymond James Ltd., TD Securities Inc., iA Personal Wealth Inc., Nationwide Financial institution Monetary Inc., Manulife Securities Included, Echelon Wealth Companions Inc., Hampton Securities Restricted, Middlefield Capital Company, Richardson Wealth Restricted, Analysis Capital Company and Wellington-Altus Personal Wealth Inc.
For additional info, please go to our web site at www.middlefield.com or contact Nancy Tham in our Gross sales and Advertising and marketing Division at 1.888.890.1868.
This providing is just made by prospectus. The prospectus incorporates necessary detailed details about the securities being provided. Copies of the prospectus could also be obtained out of your IIROC registered monetary advisor utilizing the contact info for such advisor. Traders ought to learn the prospectus earlier than investing choice.
