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Middlefield Group completes COMPASS Income Fund and GMIncome & Growth Fund merger

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Overview

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Compass Income Fund and GMIncome & Growth Fund

On December 22, 2011, Middlefield Group announced the completion of the merger of COMPASS Income Fund ("COMPASS") and GMIncome & Growth Fund ("GMI"). Pursuant to the merger, unitholders of GMI received units of COMPASS based on an exchange ratio reflecting the relative net asset values of COMPASS and GMI. Following completion of the merger, the total assets of COMPASS were approximately $88 million. Compass Income Fund and GMIncome & Growth Fund were advised by Fasken Martineau with a team led by Stephen Erlichman, John Sabetti, Daniel Fuke, Will Shaw (Securities), Mitchell Thaw (Tax).

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