Middlefield Canadian Income PCC - Result of Class Meeting and General Meeting and Entitlements under the Scheme

Core Viewpoint - The Middlefield Canadian Income PCC and its associated fund are undergoing a reconstruction and winding-up process, offering shareholders options to receive either shares in a new actively managed ETF or a cash exit close to the fund's net asset value per share [1][8]. Meeting Results - A Class Meeting was held on October 22, 2025, where a special resolution was passed with 99.10% of votes in favor, representing 32,446,799 shares [2][3]. - An Extraordinary General Meeting on the same day also saw all special resolutions passed, with the highest approval at 99.17% for one resolution, totaling 32,510,349 votes in favor [4][5]. Shareholder Entitlements - As of the Calculation Date, the Rollover Pool NAV per Share was 141.710909 pence, while the Cash Pool NAV per Share was 139.786217 pence [8]. - Fund shareholders opting for cash will receive 139.786217 pence per share, while those choosing the rollover option will receive approximately 0.267545 ETF Shares per Fund Share [9]. Liquidation Pool - The Liquidators have set aside sufficient assets in the Liquidation Pool to cover all current and future liabilities, including a retention of £100,000 for contingent liabilities [9][10]. - Any remaining balance in the Liquidation Pool after liabilities are settled will be distributed to shareholders pro rata based on their holdings [10]. Distribution Timeline - ETF Shares for those opting for the rollover will be issued on October 23, 2025, while cash entitlements for those choosing the cash option are expected to be distributed in the week commencing November 3, 2025 [12].