Home Breadcrumb caret Industry News Breadcrumb caret Industry Middlefield Group’s European fund completes $85-million IPO Middlefield Group says its European Focused Dividend Fund has completed an initial public offering of 8,500,000 units at a price of $10 per unit, for gross proceeds of $85 million. The units are listed on the Toronto Stock Exchange under the symbol EF.UN. The fund’s actively managed portfolio primarily holds dividend-paying securities of issuers that […] By Staff | November 24, 2017 | Last updated on November 24, 2017 1 min read Middlefield Group says its European Focused Dividend Fund has completed an initial public offering of 8,500,000 units at a price of $10 per unit, for gross proceeds of $85 million. The units are listed on the Toronto Stock Exchange under the symbol EF.UN. The fund’s actively managed portfolio primarily holds dividend-paying securities of issuers that are domiciled in or derive a significant portion of their revenue from Europe. The initial target distribution yield for the fund is 6% per annum. Middlefield Capital Corporation, the advisor, will provide investment management advice to the fund. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo