Middlefield Canadian Income PCC - Director/PDMR Shareholding
22 Febrero 2024 - 4:08AM
UK Regulatory
Middlefield Canadian Income PCC - Director/PDMR Shareholding
Middlefield Canadian Income PCC (the
"Company" or “MCT”)
(Including Middlefield Canadian Income – GBP PC
(the “Fund”), a cell of the Company
Registered No: 93546)
Legal Entity Identifier: 2138007ENW3JEJXC8658
22 February, 2024
Notification and public disclosure of
transactions by persons discharging managerial responsibilities and
persons closely associated with them
As required by Article 19.3 of Regulation (EU)
No. 596/2014 on market abuse (the “Market Abuse
Regulations”), the Company announces that it was informed
on 21 February, 2024 of the following transaction by Middlefield
Limited, a company connected with one of the Company’s directors,
Mr Dean Orrico, by virtue of his being one of the ultimate
beneficial owners of that company.
1
|
Details of the person discharging managerial
responsibilities / person closely associated
|
a)
|
Name
|
Middlefield Limited |
2
|
Reason for the notification
|
a)
|
Position/status
|
Person closely associated with Dean Orrico, Director |
b)
|
Initial notification /Amendment
|
Initial notification |
3
|
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
|
a)
|
Name
|
Middlefield Canadian Income PCC
on behalf of Middlefield Canadian Income – GBP PC |
b)
|
LEI
|
2138007ENW3JEJXC8658 |
4
|
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted |
a)
|
Description of the financial instrument, type of instrument
Identification code
|
Redeemable Participating Preference Shares
ISIN GB00B15PV034 |
b)
|
Nature of the transaction
|
Purchase |
c)
|
Price(s) and volume(s)
|
Price(s) |
Volume(s) |
£1.00 |
60,000 |
d)
|
Aggregated information
- Aggregated volume
- Price
|
60,000 @ £1.00
£60,000.00 |
e)
|
Date of the transaction
|
21 February 2024 |
Persons closely associated with Mr Orrico hold
in aggregate 170,000 Redeemable Participating Preference Shares,
representing 0.16% of the Fund’s issued share capital (excluding
treasury shares).
Middlefield Limited is the Company’s investment
manager.
Dean Orrico, director and CEO of the investment manager,
Middlefield Limited said:
“Our purchase of shares in MCT in the market
underscores our confidence in the value of the Fund and its
prospects for the future. We believe that the shares represent
exceptional value as they are trading at a discount to NAV and
MCT’s core weightings in financial services, real estate and energy
all possess solid fundamentals and positive outlooks. The Fund also
offers an attractive dividend which was increased in January, 2023
and January, 2024. This purchase follows a purchase for my own
account of 50,000 additional shares in MCT in November, 2023,
bringing my total personal ownership to 220,000 shares in MCT.”
Enquiries:
JTC Fund Solutions (Jersey) Limited
Secretary
Tel.: 01534 700 000
Dean Orrico
President
Middlefield International Limited
Tel.: 01203 7094016
END OF ANNOUNCEMENT
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