Middlefield Sustainable Real Estate Dividend Fund

Fund Description

Middlefield Sustainable Real Estate Dividend Fund is an actively managed, diversified portfolio investing primarily in companies involved in creating and transforming sustainable real estate while also paying stable monthly cash distributions.

Key Reasons to Invest:

  • actively managed, internationally diversified portfolio of companies that provide sustainable real estate solutions
  • exposure to leading companies that are creating and transforming the green property and related sectors by employing or developing sustainable property management practices or materials
  • integrates Environmental, Social & Governance considerations to complement fundamental analysis in selecting investments believed to have sustainable competitive advantages

MSRE.UN 

Closing price  Ways To Invest Fact Sheet Press Releases Prospectus (English) Prospectus (French) All Fund Documents

Fund Overview

  • Ticker/CUSIP:
    MRSE.UN/86934J108
  • Inception Date:
    March 30, 2022
  • Monthly Distribution:
    $0.04167
  • Advisor:
    Middlefield Capital Corporation
  • Eligibility :
    RRSPs, RRIFs, DPSPs, RESPs and TFSAs
  • Management Fee:
    1.25%
  • Risk Rating:
    Not Rated
  • Exchange:
    Toronto Stock Exchange

Fund Managers

Headshot of Dean Orrico
Dean Orrico
President and Chief Executive Officer
Headshot of Robert Lauzon
Robert F. Lauzon
Managing Director and Chief Investment Officer

Performance

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2023 2022 2021 2020
February 29, 2024 1.72% 5.44% 2.09% 0.18% -1.25% - - - -4.77% 6.38% - - -

Distributions

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
March 31, 2024 April 15, 2024 0.04167
February 29, 2024 March 15, 2024 0.04167
January 31, 2024 February 15, 2024 0.04167
December 31, 2023 January 15, 2024 0.04167
November 30, 2023 December 15, 2023 0.04167
October 31, 2023 November 15, 2023 0.04167
September 30, 2023 October 13, 2023 0.04167
August 31, 2023 September 15, 2023 0.04167
July 31, 2023 August 15, 2023 0.04167
June 30, 2023 July 14, 2023 0.04167

Fund Details

Sector Allocation (%)

As Of December 31, 2023
Real Estate 100.00%

Geographic Allocation (%)

As Of December 31, 2023
Canada 53.90%
U.S. 42.10%
International 4.10%

Top 10 Holdings

1 Granite REIT 6.50%
2 Chartwell Retirement Residences 5.70%
3 Dream Industrial REIT 5.50%
4 Canadian Apartment Properties REIT 5.40%
5 Boardwalk REIT 5.20%
6 American Tower Corp. 5.20%
7 Equinix Inc. 5.20%
8 Killam Apartment REIT 4.90%
9 Prologis Inc. 4.80%
10 Choice Properties REIT 4.70%
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