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Middlefield Short Duration Bond Plus ETF completes initial public offering

Fasken
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Overview

Client

Middlefield Limited

On February 3, 2026, Middlefield Limited launched Middlefield Short Duration Bond Plus ETF (the “ETF”), which began trading on the Toronto Stock Exchange under the ticker symbol MSBP. The initial public offering of the ETF was made in each of the provinces and territories of Canada.

The ETF is designed to deliver absolute returns through a combination of interest income and capital appreciation, while maintaining a low risk profile and reduced volatility. The strategy focuses on short-duration U.S. and Canadian corporate fixed income securities and seeks to generate positive returns across varying market conditions. To manage interest rate risk, the portfolio is managed with a targeted duration of less than 2.5 years, and may employ a range of fixed income instruments and risk management tools to enhance returns and manage overall portfolio risk.

Middlefield Limited, the manager of the ETF, was advised by Fasken with a team that consisted of Stephen Erlichman, Daniel Fuke and George Soules (Capital Markets and Investment Management); and Andrew Haikal and Katerina Ignatova (Tax).

Jurisdiction

  • Canada

Team

  • Stephen Erlichman, Senior Advisor, Toronto, ON, +1 416 865 4552, [email protected]
  • Daniel Fuke, Partner | Corporate/Commercial, Toronto, ON, +1 416 865 4436, [email protected]
  • George Soules, Associate | Corporate/Commercial, Toronto, ON, +1 416 868 7810, [email protected]
  • Andrew Haikal, Partner | Tax Law, Montréal, QC, +1 514 397 5296, [email protected]
  • Katerina Ignatova, Associate | Tax Law, Toronto, ON, +1 416 868 7852, [email protected]
Daniel Fuke Toronto Lawyer Daniel Fuke Partner | Corporate/Commercial Toronto, ON +1 416 865 4436
George Soules Toronto Student George Soules Associate | Corporate/Commercial Toronto, ON +1 416 868 7810
Andrew Haikal Tax Lawyer in Montreal Andrew Haikal Partner | Tax Law Montréal, QC +1 514 397 5296