Middlefield Funds
 
1.888.890.1868   Home   Contact   UK Site   Site Index
 
Site Search
Income Funds
Vector Energy Fund Archive
Features & Benefits
Tax-Efficient Income
Units are intended to provide Unitholders with tax efficient participation in returns on the Portfolio. Based on the assumptions and considerations, the Manager estimates that approximately 45% to 50% of the distributions that would have been paid by the Trust had it existed in 2003 would have been characterized as a return of capital for tax purposes.
 
Distribution Reinvestment Plan
The Trust intends to provide Unitholders with the opportunity to elect to reinvest monthly cash distributions made by the Trust in additional Units and to purchase additional Units for cash through participation in the distribution reinvestment plan of the Trust.
 
Monthly Distributions
The Trust intends to provide Unitholders with monthly cash distributions. Such distributions will be payable to Unitholders of record on the last day of each month and will be paid on or before the last business day of the following month.
 
Liquidity
TSX Listing. The trust's units can be bought and sold on the TSX under the symbol VE.UN.
 
Mandatory Market Purchase Program. To enhance liquidity and provide market support for the units, the Trust will be obligated to purchase for cancellation any units offered in the market at the then prevailing market price if the price at which units are then offered for sale is less than 95% of the Net Asset Value per Unit, subject to some limitations. See the Trust's prospectus for details.
 
Redemptions. Commencing in 2006, a Unitholder may surrender Units for redemption during the period commencing on the 15th business day prior to the end of May and ending on the last business day of such month, in which case such Units will (subject to the Trusts right to suspend redemptions) be redeemed on June 30 of such year and the Unitholder will receive payment on or before the 15 th business day following such June 30. Unitholders whose Units are so redeemed will be entitled to receive a redemption price per Unit calculated with reference to the NAV of the Trust determined as of the applicable June 30 date less any costs of funding the redemption, including commissions. Any unpaid distribution declared on or before June 30 in respect of Units redeemed on such date will be paid to the Unitholder redeeming such Units on the date on which such distribution is payable to Unitholders..
 
 
     
Links
  Mutual Funds
  TSX-Listed Funds
  Resource Funds
  International Funds
  Merchant Banking Prospectuses
  Real Estate Group Disclaimer
  Advisor Login Privacy
     
  Follow us:  Linkedin  Facebook  Twitter
   
 
Contact Us
Middlefield Group © 2013. All rights reserved.