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The new Consumer Duty set out by the Financial Conduct Authority (“FCA”) requires FCA authorised firms to consider the price and value provided to its investors based on set criteria. Middlefield International Limited (“MIL”), as advisor to Middlefield Canadian Income Trust (“MCT”), has prepared an assessment of value based on the FCA’s guidelines which includes consideration of fund and relative performance, investment process, costs and charges, quality of service, comparable market rates and economies of scale. Based on this assessment, MIL has concluded that MCT is providing value to its investors.