Ms. Nancy Tham reports

MIDDLEFIELD SHORT DURATION BOND PLUS ETF BEGINS TRADING

Middlefield Ltd. has launched the Middlefield Short Duration Bond Plus ETF. The exchange-traded fund began trading today on the Toronto Stock Exchange under the ticker symbol MSBP.

The ETF is designed to deliver absolute returns through a combination of interest income and capital appreciation while maintaining a low risk profile and reduced volatility. The strategy focuses on short-duration U.S. and Canadian corporate fixed income securities and seeks to generate positive returns across varying market conditions. To manage interest rate risk, the portfolio is managed with a targeted duration of less than 2.5 years, and may employ a range of fixed income instruments and risk management tools to enhance returns and manage overall portfolio risk.

Bond Plus will be the first of Middlefield's new fixed income product line, which will be managed by Gordon McKay, senior portfolio manager, fixed income. Mr. McKay comes to Middlefield from Marret Asset Management Inc., having been involved in high yield debt for 20 years as an analyst and portfolio manager. He holds a bachelor of commerce degree from the University of Alberta, is a CFA charterholder, and has received numerous awards for both athletic and academic distinction.

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