Calgary-based Middlefield Group said Wednesday announced that Pathfinder Convertible Debenture Fund has changed its name to Pathfinder Income Fund.
The name Pathfinder Income Fund has been used by previous Middlefield investment products, dating back to 2002.
No changes have been made to the investment objective, strategies or management of the fund.
As previously announced, the fund’s forward purchase and sale agreement expires on Nov. 28. As a result, the fund will, from that date forward, invest directly in a portfolio of convertible debenture securities.
Middlefield says unitholders of the fund will benefit from the elimination of the counterparty fee paid by the fund under the forward agreement, which amounts to approximately 0.35% per annum.
The fund trades on the Toronto Stock Exchange under the symbol PCD.UN.