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Global Healthcare Dividend Fund to merge with Middlefield’s Healthcare Mutual Fund

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Global Healthcare Dividend Fund intends to merge with Middlefield Global Healthcare Dividend Fund on or about 20 December 2016, with Middlefield being the continuing fund.

The merger is expected to benefit unitholders of the Global Healthcare Dividend Fund by providing an opportunity to hold units of an open-end mutual fund that offers daily purchases and redemptions at net asset value.
 
In addition, the merger is expected to benefit unitholders of both funds by providing for increased portfolio diversification and a reduction in general and administrative costs.
 
Completion of the merger is subject to the receipt of all necessary approvals, including regulatory approval and the approval of the unitholders of each fund, and customary closing conditions.
 
The merger will be effected on a tax-deferred "rollover" basis at an exchange ratio calculated as the net asset value per unit of the fund divided by the net asset value per Series A unit of the mutual fund, determined as of the close of trading on the Toronto Stock Exchange on the business day immediately prior to the effective date of the merger.

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