CALGARY, April 17, 2019 /CNW/ - Middlefield Group, on
behalf of Global Dividend Growers Income Fund (TSX: GDG.UN)
(the "Fund"), is pleased to announce an increase in the Fund's
monthly distribution rate from $0.055/unit to $0.06/unit. The distribution increase is
supported by dividend growth from the portfolio constituents.
Pursuant to the increase, the distributions for the second
quarter of 2019 will be payable to unitholders of the Fund as
follows:
|
Record
Date
|
Payable
Date
|
Distribution
Per
Trust Unit
|
|
April 30,
2019
|
May 15,
2019
|
$0.06
|
|
May 31,
2019
|
June 14,
2019
|
$0.06
|
|
June 30,
2019
|
July 15,
2019
|
$0.06
|
The trust units trade on the Toronto Stock Exchange under the
symbol GDG.UN.
Middlefield Group
Formed in 1979, Middlefield
creates and manages specialized investment products for individual
and institutional investors and has assets under management of
approximately $4 billion. Investment
products include exchange-traded funds, mutual funds, closed-end
funds, private and public resource funds, real estate funds and a
venture capital fund.
This press release contains forward-looking information. The
forward-looking information contained in this press release is
based on historical information concerning distributions and
dividends paid on the securities of issuers historically included
in the portfolio of the Fund. Actual future results, including the
amount of distributions paid by the Fund, may differ from the
monthly distribution amount. Specifically, the income from which
distributions are paid may vary significantly due to: changes in
portfolio composition; changes in distributions and dividends paid
by issuers of securities included in the Fund's portfolio from time
to time; there being no assurance that those issuers will pay
distributions or dividends on their securities; the
declaration of distributions and dividends by issuers of securities
included in the portfolio will generally depend upon various
factors, including the financial condition of each issuer and
general economic and stock market conditions; the level of
borrowing by the Fund; and the uncertainty of realizing
capital gains. The risks, uncertainties and other factors
that could influence actual results are described under "Risk
Factors" in the Fund's prospectus dated March 12, 2014 and other documents filed by the
Fund with the Canadian securities regulatory authorities.
The forward-looking information contained in this press release
constitutes the Fund's current estimate, as of the date of this
press release, with respect to the matters covered hereby.
Investors and others should not assume that any forward-looking
statement contained in this press release represents the Fund's
estimate as of any date other than the date of this press
release.
SOURCE Global Dividend Growers Income Fund