Canada NewsWire
CALGARY, Dec. 10, 2018
CALGARY, Dec. 10, 2018 /CNW/ - Middlefield Group is pleased to announce that special meetings of unitholders of Middlefield Healthcare & Life Sciences Dividend Fund (TSX: LS.UN) ("Life Sciences") and REIT INDEXPLUS Income Fund (TSX:IDR.UN) ("REIT") (each a "Fund" and collectively, the "Funds") were held today at which approximately 99.3% of the unitholders of Life Sciences and 96.7% of the unitholders of REIT present in person or represented by proxy voted in favour of respective resolutions authorizing the tax-deferred conversions of the Funds into exchange-traded funds, which are expected to occur in mid-February 2019.
The conversions are expected to benefit unitholders of the Funds for the following reasons:
Completion of the conversions is subject to the receipt of all necessary approvals and customary closing conditions.
Certain statements in this press release may be viewed as forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, intentions, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "plans", "estimates" or "intends" (or negative or grammatical variations thereof), or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Statements which may constitute forward-looking statements relate to: the proposed timing of the conversions and completion thereof and the benefits of the conversions. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements including as a result of changes in the general economic and political environment, changes in applicable legislation, and the performance of the fund. There are no assurances the fund can fulfill such forward-looking statements and the fund does not undertake any obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the fund, many of which are beyond the control of the fund.
SOURCE Middlefield Healthcare & Life Sciences Dividend Fund
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