CALGARY, July 31, 2013 /CNW/ - Middlefield Group, on behalf of MINT Income Fund ("MINT" or the "Fund"), is pleased to announce that it has filed a
final prospectus in connection with an offering (the "Offering") of
Class A units (the "Class A Units"). The Fund may accept cash subscriptions for Class A Units at a price of
$10.0208 per Class A Unit until the day prior to the closing of the
Offering or an exchange of securities of certain eligible issuers.
Closing of the Offering is expected to take place on or about August
13, 2013.
The Class A Units have similar attributes as the Fund's existing class
of trust units (the "Existing Units") except that (i) the Class A Units
are not eligible to be surrendered for the annual redemption in
November 2013, and (ii) the Class A Units will be converted into
Existing Units automatically as of November 15, 2013 on a one-for-one
basis. Accordingly, all Class A Units and Existing Units (collectively,
the "Units") will have the same investment objectives, strategy,
guidelines and portfolio, which is comprised primarily of equity income
securities, as well as the same net asset value per Unit.
For a list of the exchange ratios please see the final prospectus of the
Fund dated July 30, 2013 or visit our website www.middlefield.com.
Concurrent with this Offering, MINT has also filed a final prospectus
for a warrant offering to holders of Existing Units. One warrant
entitles the holder to purchase one unit of the Fund at a price of
$9.88 commencing on January 1, 2014 and at any time at or prior to 4:00
p.m. (Toronto time) on January 31, 2014, at which time all unexercised
warrants will expire. The warrants will be issued to holders of Existing Units of record as at
August 12, 2013 and will commence trading on the Toronto Stock Exchange
("TSX") on August 8, 2013 under the TSX symbol "MID.WT".
Existing Units trade on the TSX under the symbol "MID.UN" and Class A
Units will trade under the symbol "MID.A" on closing of the Offering.
The agents for this Offering are Canaccord Genuity Corporation and
Middlefield Capital Corporation.
This offering is only made by prospectus. The prospectus contains
important detailed information about the securities being offered.
Copies of the prospectus may be obtained from Canaccord Genuity
Corporation or your IIROC registered financial advisor. Investors
should read the prospectus before making an investment decision.
SOURCE: MINT Income Fund
please visit our website at www.middlefield.com or contact Nancy Tham, Managing Director, Sales and Marketing at 416.847.5349 or 1.888.890.1868
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