{"id":341547,"date":"2017-11-24T12:05:00","date_gmt":"2017-11-24T17:05:00","guid":{"rendered":"https:\/\/avatar.investmentexecutive.com\/uncategorized\/middlefield-group-completes-85-million-ipo-for-european-focused-dividend-fund\/"},"modified":"2019-10-17T10:40:18","modified_gmt":"2019-10-17T14:40:18","slug":"middlefield-group-completes-85-million-ipo-for-european-focused-dividend-fund","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/products\/middlefield-group-completes-85-million-ipo-for-european-focused-dividend-fund\/","title":{"rendered":"Middlefield Group completes $85-million IPO for European Focused Dividend Fund"},"content":{"rendered":"<p> Calgary-based Middlefield Group announced on Friday that European Focused Dividend Fund has completed its initial public offering of 8.5 million units at a price of $10 a unit for gross proceeds of $85 million.<\/p>\n<p> The fund aims to provide unitholders with stable monthly cash distributions and enhanced long-term total return through capital appreciation of the fund&#8217;s investment portfolio, the firm says in a news release.<\/p>\n<p> European Focused Dividend Fund intends to achieve this through a diversified, actively managed portfolio consisting mainly of dividend-paying securities of issuers that are either based in or derive a significant portion of their revenue from Europe.<\/p>\n<p> The initial target distribution yield for the fund is 6% a year based on the original subscription price (or 5\u00a2 a unit per month or 60\u00a2 a unit per year).<\/p>\n<p> Middlefield Capital Corp. will provide investment management advice to the fund.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fund consists mainly of dividend-paying securities of issuers that are either based in or derive a significant portion of their revenue from Europe<\/p>\n","protected":false},"author":38954,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2315],"tags":[2609],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/341547"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/38954"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=341547"}],"version-history":[{"count":1,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/341547\/revisions"}],"predecessor-version":[{"id":371545,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/341547\/revisions\/371545"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=341547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=341547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=341547"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=341547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}