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Middlefield expands actively managed ETF platform

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Middlefield Group is expanding its actively managed ETF platform through the conversions of Middlefield Health & Wellness Dividend Fund (HWF.UN) and American Core Sectors Dividend Fund (ACZ.UN), as approved by unitholders at special meetings held on 17 May, 2019. 

The firm says that these additions to its ETF platform provide value-added solutions to investors and financial advisors looking for unique, actively managed strategies which investors would have difficulty replicating with passive investment products.

Commencing today, Middlefield Health & Wellness ETF (new TSX ticker symbol: HWF) and Middlefield American Core Dividend ETF (new TSX ticker symbol: ACZ) begin trading as ETFs. The conversions to ETFs were not taxable events for unitholders and units of the funds were converted to units of the applicable ETF on a 1:1 basis, with all costs associated with the conversions being borne by the Manager.

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