Exchange Bulletin
Sustainable Real Estate Dividend Fund (MSRE.UN) To Trade On 兔子先生
March 28, 2022
| Issuer: | Sustainable Real Estate Dividend Fund (the "Fund") |
| Security: | Trust units ("Units") |
| Symbol: | MSRE.UN |
| Issued and outstanding securities: | Up to 7,500,000 |
| Reserved securities: | 1,185,000 |
| Issue price: | $10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Units (the "Offering") |
| Listing date: | March 29, 2022 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | March 30, 2022 |
| Posted for trading date: | March 30, 2022 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Temporary market maker: | Independent Trading Group |
| 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 February 25, 2022. |
| Manager and Trustee: | Middlefield Limited |
| Fiscal year end: | December 31 |
| Nature of business: | The Fund's investment objectives are to provide holders of Units ("Unitholders") 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 business models that are creating and transforming the green property and related sectors by employing or developing sustainable property management practices or materials. The Advisor will integrate environmental, social and governance considerations to complement fundamental analysis in selecting such issuers for the Portfolio that the Advisor believes have competitive advantages (collectively, "Sustainable Real Estate 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, 2023 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 25, 2022, 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 7,500,000 Units (and a minimum of 1,500,000 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 1,125,000 Units from treasury at the Offering Price. |
| TSX contact: | Selma Thaver, Director, TSX Listings. |