Middlefield Canadian Income PCC Declares Interim Dividend Today
Middlefield Canadian Income PCC Announces Interim Dividend
Middlefield Canadian Income PCC, including the Middlefield Canadian Income – GBP PC (referred to as the “Fund”), has made a significant announcement regarding its dividend policy.
Details of the Dividend Declaration
Recently, the board of directors declared an interim dividend of 1.375 pence per Share for shareholders invested in the Middlefield Canadian Income – GBP PC. This dividend, a key component of the Company's investment strategy, reflects a commitment to providing returns to shareholders.
Payment Schedule
This interim dividend is set to be paid gross on Wednesday, 15 October, which stands out as an earlier timeline compared to the usual quarterly distribution schedule. Shareholders on record as of Friday, 26 September will receive this payment, while the ex-dividend date is marked for Thursday, 25 September.
Significance of the Interim Dividend
The early payment of this interim dividend is closely related to a pivotal development regarding the proposed restructuring and eventual winding up of the Company and the Fund, as was discussed earlier this year. This decision stemmed from plans disclosed on 2 May, which indicated that a circular would soon be distributed to shareholders, detailing the next steps in this transformative process.
Understanding Pre-Liquidation Dividends
This interim dividend is characterized as a pre-liquidation dividend, emphasizing that it is anticipated that no further dividends will be disbursed until the liquidation process is completed. This is essential information for investors to consider as they navigate their portfolios in light of these upcoming changes.
Investment Strategy of the Fund
The Fund is traded on the London Stock Exchange under the ticker symbol MCT. Its investment strategy revolves around maintaining a well-diversified portfolio focused on Canadian and U.S. equity income securities. This approach aims to provide investors with robust returns through diligent asset management and market engagement.
Contact Information for Shareholders
Shareholders seeking additional information about this dividend or the upcoming changes are encouraged to reach out to the designated contacts:
Secretary
JTC Fund Solutions (Jersey) Limited
Tel.: 01534 700000
Dean Orrico
President
Middlefield International Limited
Tel.: 01203 7094016
Frequently Asked Questions
What is the interim dividend amount declared by Middlefield Canadian Income PCC?
The board has declared an interim dividend of 1.375 pence per Share.
When will the interim dividend be paid out?
The interim dividend will be paid on Wednesday, 15 October to those on record by Friday, 26 September.
What is the significance of the early dividend payment?
The early payment is aligned with the ongoing restructuring process of the Company and Fund.
Will there be future dividends paid during the liquidation process?
No further dividends are expected to be paid until the completion of the Fund's liquidation.
What is the trading symbol for the Fund on the Stock Exchange?
The Fund trades under the symbol MCT on the London Stock Exchange.
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