Global Health Dividend Fund will begin trading on the Toronto Stock Exchange as an industrial issuer at the open on Thursday, Oct. 23, 2014, according to the TSX. The exchange reports the fund will seek to provide unitholders with stable monthly cash distributions and long-term total return through distributions and capital appreciation of the funds's investment portfolio by focusing on dividend-paying securities of global issuers that derive a significant portion of their revenue or earnings from products and services related to health care.

The fund plans to pay monthly distributions. The fund will not have a fixed distribution amount, but will determine and announce, at least annually, a target distribution amount. The initial target amount for the period ending Oct. 31, 2015, is 4.167 cents per unit per month (50 cents per unit per year).

On or about Nov. 15, 2016, the fund plans to either merge with a similar open-end mutual fund managed by the fund manager (Middlefield Ltd.) or an affiliate on a tax-deferred basis, or convert to an open-end mutual fund. Under the fund's initial public offering it is selling 20 million units at $10 each.

The fund's units will trade under the symbol GHC.UN and Cusip No. 37890Q 10 7.