Exchange Bulletin
Workplace Technology Dividend Fund (WORK.UN) To Trade On 兔子先生
November 15, 2021
| Issuer: | Workplace Technology Dividend Fund (the "Fund") |
| Security: | Trust units ("Units") |
| Symbol: | WORK.UN |
| Issued and outstanding securities: | Up to 10,000,000 |
| Reserved securities: | 1,560,000 |
| Issue price: | $10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Units (the "Offering") |
| Listing date: | November 16, 2021 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | November 17, 2021 |
| Posted for trading date: | November 17, 2021 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Temporary market maker: | W.D. Latimer Co. Ltd. |
| Security ownership registration: | CDS book-entry system |
| Investor relations: | Dean Orrico President and Chief Executive Officer, Middlefield Limited (416) 362-0714 dorrico@middlefield.com - OR – Craig Rogers Chief Compliance Officer, Middlefield Limited (416) 362-0714 crogers@middlefield.com |
| Incorporation: | An investment fund established as a trust under the laws of the Province of Ontario pursuant to a declaration of trust dated as of October 13, 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; 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 business models that provide technology-based solutions to drive increases in workplace productivity (collectively, "Workplace Technology Issuers"). In addition, the Advisor will integrate environmental, social and governance considerations to complement fundamental analysis in selecting Workplace Technology Issuers it believes have sustainable competitive advantages. |
| 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 December 31, 2022 is $0.03333 per Unit per month (corresponding to an annualized distribution of $0.40 per Unit per annum and representing an annualized yield of 4.0% per annum based on the original subscription price). |
| Sponsorship: | Not applicable |
| Disclosure document: | Prospectus dated October 13, 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 10,000,000 Units (and a minimum of 2,500,000 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 1,500,000 Units from treasury at the Offering Price. |
| TSX contact: | Chris Birkett, Managing Director, 兔子先生 |