MID.UN MINT Income Fund

CALGARY, June 28, 2013 /CNW/ - Middlefield Group, on behalf of MINT Income Fund (the "Fund" or "MINT"), is pleased to announce that it has filed a preliminary short form prospectus in connection with an offering of Class A units (the "Class A Units") of MINT. Prospective purchasers may purchase Class A Units either by (i) cash payment; or (ii) an exchange of securities of Exchange Eligible Issuers, listed below. The exchange offering will remain open for acceptance until 5:00 p.m. Toronto time on July 29, 2013 (the "Deposit Date") whereas the cash offering will remain open until closing, which is expected to occur early August 2013. The exchange ratios will be disclosed in a final short form prospectus expected to be filed on or about July 30, 2013.

The purchase price for the Class A Units, in respect of both the cash offering and exchange offering, will be equal to the weighted average trading price of MINT's existing units (the "Existing Units") on the TSX during the period of three consecutive trading days ending on the Deposit Date.

The Class A Units have similar attributes as the Fund's 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 (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.

Monthly distributions paid by MINT are currently targeted to be $0.06 per Unit, or $0.72 per Unit per annum, which represents a yield of 7.5% based upon the closing price of the Units on the Toronto Stock Exchange on June 25, 2013.

The net proceeds of the Offering will be invested by the Fund in accordance with its investment objectives.  A complete list of Exchange Eligible Issuers is included below. The Agents for this Offering are Canaccord Genuity Corporation and Middlefield Capital Corporation. Concurrent with this Offering, MINT has also filed a preliminary short form prospectus for a warrant offering to holders of Existing Units.

Existing Units of MINT trade on the Toronto Stock Exchange under the symbol MID.UN. An application will be made to list Class A Units on the Toronto Stock Exchange.

Exchange Eligible Issuers

A preliminary short form prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in all of the provinces and territories of Canada. The preliminary short form prospectus is still subject to completion or amendment. Copies of the preliminary short form prospectus may be obtained from Canaccord Genuity or your IIROC registered financial advisor. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final short form prospectus has been issued.

SOURCE MINT Income Fund