Global dividend fund seeks treasury offering

Middlefield Group, on behalf of Global Dividend Growers 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.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.