Middlefield Group today announced the successful completion of the previously announced merger of Indexplus Income Fund, Middlefield Equal Sector Income Fund and HTR Total Return Fund, with Indexplus being the continuing fund.

As of today, the combined total assets of the continuing fund are approximately $265 million.

The merger was effected on a tax-deferred rollover basis at an exchange ratio calculated as the net asset value (NAV) per unit of each fund divided by the NAV per unit of the continuing fund, each determined as at the close of trading on the Toronto Stock Exchange (TSX) on May 23.

Unitholders of the terminating funds are not required to take any action in order to be recognized as a unitholder of Indexplus and to be in a position to trade units of the continuing fund on the TSX. Former unitholders of the two terminating funds who wish to participate in the distribution reinvestment plan (DRIP) of Indexplus will need to enroll in the the fund’s DRIP.

Unitholders of Indexplus are not required to take any action as they will automatically continue as unitholders of the continuing fund.

The units of Indexplus trade on the TSX under the symbol IDX.UN.