Key Developments: Middlefield Canadian Income PCC Transactions

Overview of Middlefield Canadian Income PCC
Middlefield Canadian Income PCC, also referred to as “MCT,” operates a fund known as Middlefield Canadian Income – GBP PC. This fund is designed to provide investors with a unique blend of income-oriented investments. The legal entity identifier for the company is 2138007ENW3JEJXC8658, securing transparency and accountability in its operations.
Understanding Managerial Responsibilities
In alignment with regulatory standards, particularly Article 19.3 of Regulation (EU) No. 596/2014 regarding market abuse, companies like Middlefield are required to disclose information on transactions made by individuals in significant managerial positions. This ensures that the integrity of the market is maintained and that shareholders are informed about activities that could influence their interests.
Transaction Announcement
The company announced it learned about a noteworthy transaction by Middlefield Limited, associated with Mr. Dean Orrico, a director of the company. This event underscores the interconnectedness of the management team and their investment decisions, stimulating interest within the investor community.
Details of the Recent Transaction
In this instance, the transaction involved the purchase of Redeemable Participating Preference Shares. These financial instruments are key for investors seeking returns while also maintaining certain privileges associated with their holdings.
Transaction Breakdown
The specifics of the transaction highlighted that 40,000 shares were purchased at the price of £1.311 each, totaling a significant investment of £52,440. This strategic purchase reflects confidence in the fund's performance and future potential. It’s important for shareholders to note the aggregated holdings of associated persons, which total 260,000 Redeemable Participating Preference Shares, representing approximately 0.24% of the fund’s issued capital.
Role of the Investment Manager
Middlefield Limited, as the investment manager of the company, plays a crucial role in steering the fund’s strategy and overseeing its portfolio. The strategic vision brought forth by Middlefield Limited under Dean Orrico’s leadership aims to align with shareholder interests while navigating market challenges effectively.
Contact Information for Further Inquiries
For any inquiries related to the fund's performance or investment strategies, stakeholders and potential investors can reach out to:
JTC Fund Solutions (Jersey) Limited
Secretary
Tel.: 01534 700 000
Dean Orrico
President
Middlefield International Limited
Tel.: 01203 7094016
Frequently Asked Questions
What is Middlefield Canadian Income PCC?
Middlefield Canadian Income PCC is an investment company that operates funds designed to generate income for shareholders through a variety of investments.
Why was the transaction disclosed?
Transactions by persons in managerial positions must be publicly disclosed to ensure transparency and maintain trust in the financial markets.
What type of shares were involved in the recent transaction?
The transaction involved redeemable participating preference shares, which offer specific rights and potential returns for investors.
How many shares does Middlefield Limited hold?
Persons closely associated with Mr. Dean Orrico collectively hold 260,000 shares, which accounts for 0.24% of the fund's issued share capital.
Who do I contact for more information?
For inquiries, contact JTC Fund Solutions at 01534 700 000 or Dean Orrico at 01203 7094016 for specific questions regarding the fund.
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