The deal would add $4.3 billion to Sprott’s assets under management
Middlefield Healthcare & Life Sciences Dividend Fund IPO raises $103 million
Units delisted from the Toronto Stock Exchange
Closed-end fund merged into Middlefield U.S. Dividend Growers Class
Closed-end fund will terminate on July 31
The move will benefit unitholders as the funds will have a lower management expense ratios and more cash available for investments
Macquarie Emerging Markets Infrastructure Income Fund will be cut from LOQiG’s offerings while Scotia plans to terminate the Moenda LatAm Fixed Income Fund
Manager intends to reimburse fund for overpayment of management fees
The conversion will result in lower fees and improved liquidity
Portfolio focused on 20 technology stocks