Exchange Bulletin
International Clean Power Dividend Fund (CLP.UN) To Trade On 兔子先生
March 16, 2021
Issuer: International Clean Power Dividend Fund (the "Fund")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Trust units (the "Units") | CLP.UN | Up to 20,000,000 | 3,060,000 | $10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Units (the "Offering") |
| Listing date: | March 17, 2021 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | March 18, 2021 |
| Posted for trading date: | March 18, 2021 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | TD Securities Inc. |
| Security ownership registration: | CDS book-entry system |
| Investor relations: | Francisco Z. Ramirez President, Middlefield Limited (403) 269-2100 framirez@middlefield.com - OR – Catherine E. Rebuldela Chief Financial Officer, Middlefield Limited (403) 269-2100 crebuldela@middlefield.com |
| Incorporation: | An investment fund established as a trust under the laws of the Province of Alberta pursuant to a declaration of trust dated as of February 11, 2021. |
| Manager and Trustee: | Middlefield Limited |
| Fiscal year end: | December 31 |
| Nature of business: | The Fund's investment objectives are to provide holders of Units with: (i) stable monthly cash distributions; and (ii) enhanced long-term total return through capital appreciation of the Fund's investment portfolio (the "Portfolio"), through a diversified, actively managed portfolio comprised primarily of dividend paying securities of international issuers focused on, involved in, or that derive a significant portion of their revenue from renewable power and related sectors, including those whose operations may be related to wind, solar, hydrogen, electric vehicles & batteries and grid infrastructure which Middlefield Capital Corporation (the "Advisor") believes will provide investors with excellent diversification and attractive long-term returns as Canadian investors generally do not have significant exposure to these sectors since the majority are internationally-listed entities. In addition, the Advisor also intends to consider and incorporate environmental, social and governance criteria in the investment process to help screen and evaluate potential issuers. |
| Transfer agent and registrar: | Middlefield Capital Corporation at its principal office in Toronto. |
| Distributions | The Fund intends to provide Unitholders with monthly cash distributions. The initial target distribution amount for the period ending April 30, 2022 is $0.04167 per Unit per month (corresponding to an annualized distribution of $0.50 per Unit per annum and representing an annualized yield of 5.0% per annum based on the original subscription price). |
| Sponsorship: | Not applicable |
| Disclosure document: | Prospectus dated February 11, 2021, which is available at . Capitalized terms not otherwise defined herein are as defined in the Disclosure document. |
| Initial public offering: | Pursuant to the terms of the Prospectus, a maximum of 20,000,000 Units (and a minimum of 7,500,000 Units) at a price of $10.00 per Unit, are being offered to the public. In addition, the underwriters have been granted an over-allotment option to purchase up to an additional 3,000,000 Units from treasury at the Offering Price. |
| TSX contact: | Chris Birkett, Managing Director, 兔子先生 |