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MINT Income Fund closes US$65 million exchange and cash offering

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MINT Income Fund

On August 13, 2013, MINT Income Fund (the “Fund”) announced that it had closed its exchange and cash offering of 6,486,626 class A units (the “Class A Units”) raising gross proceeds of $65 million. The Class A Units will be converted into the Fund’s existing class of trust units (the “Existing Units”) automatically as of November 15, 2013 on a one-for-one basis. The agents for the exchange and cash offering were Canaccord Genuity Corp. and Middlefield Capital Corporation. Concurrently with its exchange and cash offering, the Fund also offered an aggregate of 15,250,000 warrants to purchase from the Fund a maximum of 15,250,000 Existing Units at an exercise price of $9.88 per Existing Unit. The warrants may be exercised commencing on January 1, 2014. The Fund and its manager, Middlefield Limited, were advised by a team of Fasken Martineau lawyers including Stephen Erlichman, John Sabetti, Daniel Fuke, Will Shaw and Dylan Chochla (securities) and Mitchell Thaw (tax).



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