Global Dividend Growers Income Fund Announces Special Distribution

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TORONTO, December 13, 2021 (GLOBE NEWSWIRE) – Global Dividend Growers Income Fund (the “Fund”) (TSX: GDG.UN) announces that a Special Distribution will be paid to Holders of record at the close of business on December 31, 2021. The Special Distribution is the result of two factors. First, the good performance of the Fund, with an annualized total return of 12.1% since its inception in March 2013, has been accompanied by realized capital gains. Second, the Fund’s declaration of trust requires that all taxable income be allocated to unitholders before the end of its taxation year.

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Subject to a final review of the 2021 taxable income of the Fund in early 2022, it is expected that the special distribution will be approximately $ 0.70 per unit, but may change depending on portfolio transactions that may take place. before the end of the year. This special distribution is in addition to the regular monthly distributions of $ 0.06 per trust unit. The special distribution is expected to consist of (i) a cash distribution estimated at $ 0.35 per unit; and (ii) an estimated distribution of $ 0.35 per unit which will be automatically reinvested in additional units to be determined on the basis of the net asset value per unit as at December 31, 2021. Immediately after the issue, the Fund units will be automatically consolidated. so that the number of shares remains unchanged from the number in circulation immediately before the special distribution. The payment date for the cash distribution will be January 14, 2022.

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Unitholders are reminded that they can choose to automatically reinvest cash distributions paid by the Fund in additional units by participating in the Fund’s Distribution Reinvestment Plan (“DRIP”). Unitholders can enroll in the DRIP program by contacting their investment advisor or Middlefield.

The units of the Fund trade on the Toronto Stock Exchange under the symbol GDG.UN.

For more information, please visit our website at www.middlefield.com or contact Nancy Tham from our sales and marketing department at 1.888.890.1868.

This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the Fund’s portfolio. Actual future results, including the amount of distributions paid by the Fund, may differ from the amount of monthly distributions. More specifically, the income from which distributions are paid can vary significantly due to: changes in the composition of the portfolio; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there can be no assurance that such issuers will pay any distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend on various factors, including the financial condition of each issuer and general economic and market conditions; the level of borrowing from the Fund; and the uncertainty of realizing capital gains. The risks, uncertainties and other factors that could affect actual results are described under the heading “Risk Factors” of the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered herein. Investors and others should not assume that any forward-looking statements contained in this press release represent the Fund’s estimate as of any date other than the date of this press release.

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