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Middlefield Income Funds to hold Unitholder meetings to vote on proposed declaration of trust amendments

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^{Published in Business and Finance on Tuesday, June 16th 2009 at 14:30 GMT, Last Modified on 2009-06-16 14:31:07 by Market Wire}  

 TORONTO, June 16 /CNW/ - Middlefield Fund Management Limited, the manager of MINT Income Fund (TSX: MID.UN), COMPASS Income Fund (TSX: CMZ.UN), INDEXPLUS Income Fund (TSX: IDX.UN), YIELDPLUS Income Fund (TSX: YP.UN), STaRS Income Fund (TSX: STZ.UN), ACTIVEnergy Income Fund (TSX: AEU.UN) and Uranium Focused Energy Fund (TSX: UF.UN) (each a "Fund" and collectively the "Funds"), announces that a special meeting of Unitholders of each of the foregoing Funds will be held on or about August 12, 2009, commencing at 10:00 a.m. (Toronto time) at the offices of Fasken Martineau DuMoulin LLP, Suite 3600, Toronto Dominion Bank Tower, 66 Wellington Street West, Toronto, Ontario, M5K 1N6. In anticipation of a continued reduction in the number of issuers within the income trust universe resulting from their conversion into corporations, Unitholders of each Fund will be asked to consider broadening the existing ability of the Funds, where not already provided for, to invest in high income producing securities other than income trusts. Such securities would include common equities, preferred shares, convertible debt securities and corporate and government fixed income securities. This amendment would conform to recent amendments made by other funds originally created to focus on the income trust sector and would benefit Unitholders by enhancing the ability of the Funds to meet their objectives of paying attractive regular distributions and preserving capital while offering the potential for growth. Unitholders of each Fund also will be asked to consider certain updating amendments to the declaration of trust of each Fund at the meetings. Details regarding the proposed amendments to the declaration of trusts will be contained in a Joint Information Circular which is expected to be mailed to Unitholders in July 2009. The record date for the special meetings is expected to be July 13, 2009. After considering the Joint Information Circular and related meeting materials, Unitholders of each Fund are encouraged to complete and return their proxy forms in order that their units can be voted at the applicable Fund meetings. The board of directors of the manager of each Fund has determined that the approval of each of these amendments is in the best interests of each Fund and, accordingly, recommends that Unitholders vote in favour of each of the resolutions approving such amendments. Certain statements in this press release may be viewed as forward-looking statements. Any statements that express or involve discussions with respect to expectations, beliefs, plans, intentions, projections, objectives, assumptions or future events are not statements of historical fact and may be forward-looking statements. Statements which may constitute forward-looking statements relate to: the proposed timing of the special meeting, the mailing of the Joint Information Circular and the record date for the special meeting; the nature of the proposed amendments; and expected benefits of the proposed amendments. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements including as a result of changes in the general economic and political environment, changes in applicable legislation, and the performance of each Fund. Such forward-looking statements are only predictions; actual events or results may differ materially and the Funds do not undertake any obligation to update such statements. 

For further information: on each of the Funds, please visit our website at [ www.middlefield.com ] or contact your financial advisor or the undersigned: Nancy Tham, Senior Vice President, (416) 847-5349