Middlefield Group, on behalf of Global Dividend Growers IncomeDynamic (Income) Fund, has filed a preliminary prospectus in relation to a treasury offering of units of the fund.
The income fund offers access to global issuers that have exhibited a history of strong dividend growth. Its investment strategy combines passive and active portfolio management.
Also, the fund recently increased its target distribution rate by 10%. As a result, the fund’s target distribution amount for the 12-month period ending March 31, 2015 is $0.055 per unit per month (corresponding to an annualized distribution of $0.66 per unit per annum).
Middlefield Capital Corporation is the investment advisor of the Fund.
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