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