CALGARY,
Jan. 3, 2014 /CNW/ - Middlefield
Group, on behalf of MINT Income Fund ("MINT" or the "Fund"),
is pleased to announce that any Warrants exercised on or before the
Warrant Expiry Time (as defined below) will receive the Fund's
January 31, 2014 distribution of
$0.06 per Unit. Warrants can now be
exercised.
Each Warrant of the Fund entitles the holder to
purchase one MINT Unit at a subscription price of $9.88 and can be exercised at any time on or
before 4:00 p.m. (Toronto time) on January 31, 2014 (the "Warrant Expiry
Time"). Dealers may impose earlier deadlines for
exercise. Warrants not exercised by the Warrant Expiry Time
will automatically expire and be void and of no value. Assuming all
Warrants were exercised, the Fund's net asset value as at
January 2, 2014 was $10.31.
The net proceeds from the exercise of Warrants
will be invested by the Fund in accordance with its investment
objectives which include providing holders of Units with (i) a high
level of sustainable income distributed monthly over the life of
the Fund, (ii) a cost-effective method of reducing the risk of
investing in high income securities, and (iii) the potential for
capital appreciation by investing in an actively managed,
diversified portfolio comprised primarily of high yielding equity
securities.
As at December 31,
2013, the Fund generated a total annualized return of 8.3%,
5.4%, 16.8%, 12.0% and 11.6% respectively for the one, three, five
and ten year periods then ended and the period since inception on
March 13, 1997.
The Fund's Units and Warrants trade on the
Toronto Stock Exchange under the symbols MID.UN and MID.WT,
respectively.
Certain statements included herein constitute
forward-looking statements. Forward-looking statements include,
among other things, statements regarding the Fund and the proposed
use of net proceeds from the exercise of Warrants. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions. While such estimates and assumptions are considered
reasonable by the Fund, they are inherently subject to significant
business, economic and competitive uncertainties and risks.
Investors are cautioned not to put undue reliance on
forward-looking statements. The Fund undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise, except as required by applicable securities laws.
Capitalized terms used but not defined herein have the meanings
ascribed to them in the Short-Form Prospectus dated July 30, 2013 of the Fund relating to the
offering of Warrants.
SOURCE MINT Income Fund