Calgary-based Middlefield Group has launched a pair of actively managed ETFs by converting two of its closed-end mutual funds, the investment manager announced Tuesday.
Middlefield Healthcare & Life Sciences Dividend Fund and REIT INDEXPLUS Income Fund began trading on the Toronto Stock Exchange on Tuesday as Middlefield Healthcare & Life Sciences ETF (ticker symbol: LS) and REIT INDEXPLUS ETF (ticker symbol: IDR), respectively.
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The conversions to ETFs were not taxable events for unitholders.