Middlefield Canadian Income PCC - Statement re Result of Elections

Core Points - The Company is undergoing a reconstruction and winding up process, offering Fund Shareholders the option to receive shares in a new actively managed ETF or a cash exit close to the Fund's net asset value per share [2][5] - A total of 50,317,886 shares opted for the Cash Option, while 52.7% of the Company's Shares will roll over into the ETF [3][5] - The reclassification of the Fund Shares is set to take effect on 23 October 2025, with the listing of the Reclassified Shares expected to be suspended shortly thereafter [5][6] Summary by Sections - Elections and Options: Fund Shareholders had the choice to elect for either the Cash Option or the Rollover Option, with those holding shares in uncertificated form deemed to have elected for the Rollover Option if no valid election was made [4] - Share Distribution: 56,129,364 Fund Shares with "A" rights will receive ETF Shares, while 50,317,886 Fund Shares with "B" rights will receive cash [8] - Regulatory Actions: Applications have been made to the Financial Conduct Authority and the London Stock Exchange for the reclassification of Fund Shares, with dealings in ETF Shares expected to commence on the same date as the reclassification [5][6]