Middlefield group on behalf of Sustainable Infrastructure Dividend Fund has announced that the fund has completed its initial public offering of 8,000,000 units at a price of US$ 10 per unit for gross proceeds of US$ 80 million. 

The fund's investment objectives are to provide holders of unit with :

• stable monthly cash distribution
• enhanced long-term total return through capital appreciation of the fund's investment portfolio

Through a diversified, actively managed portfolio comprised primarily of dividend-paying securities of global issuers focused on a significant portion of their revenues from physical infrastructure assets. In addition, the portfolio will be focused on sustainable infrastructure by investing in securities of issuers whose infrastructure assets the advisor believes have been developed and operated taking into account environmental, social and governance considerations.

The initial target distribution yield for the fund is 5% per annum.