Pursuant to the mergers, units were automatically exchanged at the following ratios:
Units of Healthcare ETF per Unit of: | |
Agriculture & Wellness | 0.69780078 |
Health & Wellness | 1.10911191 |
Units of Innovation ETF per Unit of: | |
Workplace Technology | 0.46876552 |
The exchange ratios were based on the net asset values per unit of each respective fund as at the close of trading on the
The mergers were effected on a tax-deferred “rollover” basis. All costs of the mergers were paid by the manager,
Former unitholders of the Merged Funds are not required to take any action in order to be recognized as a unitholder or to be in a position to trade their Healthcare ETF or Innovation ETF units on the TSX. Former unitholders of the Merged Funds who wish to participate in the Distribution Reinvestment Plan (the “DRIP”) of Healthcare ETF or Innovation ETF will need to enroll in the respective fund’s DRIP.
The units of Healthcare ETF trade on the TSX under the symbol MHCD and units of Innovation ETF trade on the TSX under the symbol MINN.
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Commissions, trailing commissions, management fees and expenses all may be associated with owning units of an investment fund or ETF investments. Please read the prospectus and publicly filed documents before investing. You will usually pay brokerage fees to your dealer if you purchase or sell units of an investment fund on the
Certain statements in this press release may be viewed as forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, intentions, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "plans", "estimates" or "intends" (or negative or grammatical variations thereof), or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Statements which may constitute forward-looking statements relate to: the proposed timing of the merger and completion thereof; the benefits of the merger; and the funds that are proposed to be merged. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements including as a result of changes in the general economic and political environment, changes in applicable legislation, and the performance of each fund. There are no assurances the funds can fulfill such forward-looking statements and the funds do not undertake any obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing one or more of the funds, many of which are beyond the control of the funds.
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