Middlefield to distribute Digital Consumer Dividend Fund (TSX:MDC.UN) units
  • Digital Consumer Dividend Fund unitholders will receive CAD$0.0333 per trust unit
  • Reinvestment option available under the fund’s distribution reinvestment plan (DRIP)
  • Investors can automatically reinvest with no commission.

Unit holders of Middlefield Group’s Digital Consumer Dividend Fund will receive their distributions for Q1 2020 in the coming months, with each distribution per trust unit being valued at CAD$0.0333.

Those distributed on the record date of January 31 will be payable on February 14; those on February 29 will be payable on March 13; and those on March 31 will be payable on April 15.

The fund also offers unitholders the option of reinvesting their distributions under a distribution reinvestment plan (DRIP), which aims to take advantage of compound growth.

DRIP gives them the ability to automatically reinvest their distributions without commission.

Middlefiled Group creates and manages specialized investments products – the Digital Consumer Dividend Fund being one of them – for individual and institutional investors, and manages about CAD$4 million in assets. These include traded funds, mutual funds, closed-end funds, private and public resource funds, real estate funds and a venture capital fund.

The fund itself gives investors a diversified and actively managed portfolio made up of dividend-paying securities of digital consumer issuers, which the company believes will benefit from the growth of a ‘connected economy’.

Its target distribution yield is 4% per annum.

At the time of writing Digital Consumer Dividend Fund shares opened low at CAD$0.13 (1.2512%), and trading at CAD$10.26


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