Middlefield Global Real Asset Fund Approves Merger of Real Estate Subdivisions.

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TORONTO, Sept. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Global Real Asset Fund (“Real Asset”) (TSX:RA.UN) is pleased to announce that a special meeting of shareholders of Real Asset was held today at which shareholders voted. pursuant to a resolution approving the previously announced merger (the “Merger”) of Real Estate and Real Estate, a diversified equity corporation established on November 19, 2020, that invests in a diversified, actively managed, high-conviction portfolio. issuers involved in e-commerce and data infrastructure as well as the multi-family, industrial, retail, senior housing and healthcare sectors. The Merger is expected to be completed on or about December 6, 2024 (the “Effective Date”).

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Investment objectives of Real Estate Split Corp. to provide:

Real Estate Split Corp. focuses on traditional property types such as industrial, multi-family, senior housing, and retail that Middlefield Capital Corporation, investment advisor to Real Asset and Real Estate Split Corp (“Adviser”), believes is positioned to benefit from growing demand and limited supply of real estate , and emerging building types such as data centers, US cell towers, and life science labs represent a growing segment of the real estate market. Real Estate Split Corp. employs a strategic asset allocation strategy to seek the best combination of capital appreciation and income opportunities and will fully adjust the portfolio’s asset allocation across sectors/themes based on the Adviser’s opinion.

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Pursuant to the Merger, Real Estate Unitholders will receive Real Estate Split Corp. Units. (Each unit consists of one Preferred Share and one Class A Share of Real Estate Split Corp.). The merger will not be done on a tax-deferred basis and, therefore, will be treated as a taxable event for Real Asset shareholders that could result in capital losses or gains realized. The Merger will be completed at an exchange rate calculated as the net asset value per Real Asset Unit determined at the close of trading on the TSX on the business day immediately prior to the Effective Date divided by the net asset value per Real Asset Unit. Estate Split Corp. determined at the close of trading on the TSX on the business day immediately preceding the Effective Date. Pursuant to the Merger, Real Estate Split Corp. will assume Real Estate liabilities and will issue Real Estate Split Corp. Units, based on the exchange rate, in satisfaction of the purchase price of the Real Estate assets.

The merger remains subject to the satisfaction of all regulatory requirements and customary closing conditions

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For more information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

Commissions, trailing commissions, management fees and expenses may all be associated with owning mutual fund units or ETF investments. Please read the prospectus and other public filings before investing. You will generally pay brokerage fees to your broker when you buy or sell mutual fund units on the Toronto Stock Exchange or another Canadian trading platform (“exchange”). When units are bought or sold on an exchange, investors may pay more than the current net asset value when buying mutual fund units and may receive less than the net asset value when selling them. There are ongoing costs and expenses associated with owning investment fund units. The investment fund must prepare disclosure documents containing important information about the Real Property. You can find more information about Real Asset in the public filings available at www.sedar.com. The rates of return shown are the annualized total return that includes changes in unit value and the reinvestment of all distributions and does not take into account: certain fees such as sales charges, redemption fees, distribution or optional charges or income taxes paid by any security holder. that would reduce returns. Investment funds and ETFs are not guaranteed, their prices change frequently and past performance may not be repeated.

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Certain statements in this press release may be considered forward-looking statements. Any statements that express or involve discussions regarding predictions, expectations, beliefs, plans, intentions, assumptions, intentions, assumptions or future events or performance (usually, but not always, using words or phrases such as “expects”, “expects ”, “expects”, “plans”, “estimates” or “intends” (or negative or grammatical variations), or implies that certain actions, events or results “may”, “might”, “could”, “might” or “will be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Statements that may constitute forward-looking statements relate to: the proposed timing of the Merger and its completion; benefits of integration; the holding of a Real Estate meeting; and reducing administrative costs. Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those expressed in the forward-looking statements including due to changes in the general economic and political environment, changes in applicable law, and the performance of each fund. There are no guarantees that the Manager, Advisor, Real Estate or Real Estate Split Corp. may fulfill such forward-looking statements and undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially due to risks faced by one or more managers, the Adviser, Real Estate or Real Estate Split Corp., many of which are beyond the control of the Manager, Adviser, Real Asset or Real. Estate Split Corp. share price.

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