On October 26, 2007, Middlefield Group announced the successful completion, effective October 26, 2007, of the previously announced merger of ACTIVEnergy Income Fund and ALBERTA Focused Income & Growth Fund, with ACTIVEnergy being the continuing fund. The combined total assets of the continuing fund are approximately $300 million.
Middlefield Group was advised in this transaction by a team from Fasken Martineau that included Stephen Erlichman, John Sabetti and Catherine Fraser (securities/investment funds) and Mitchell Thaw (tax).