Middlefield Bancorp announces change to an investment fund and change in fiscal year end

    




 TORONTO, Nov. 2, 2011 /CNW/ - MIDDLEFIELD BANCORP LIMITED ("MBN") is  pleased to announce that it has become an investment fund governed by  National Instrument 81-106 effective October 31, 2011.  The Toronto  Stock Exchange has confirmed that MBN will retain its listing  subsequent to this change and will continue to trade under the symbol  "MBN". 

 In addition, pursuant to MBN's amalgamation on October 12, 2011, MBN has  changed its fiscal year end from October 31 to December 31 to be  consistent with Middlefield's other investment funds.  As a result,  MBN's 2011 fiscal year end will be comprised of the 14 month period  from November 1, 2010 to December 31, 2011. 

 As an investment fund, MBN will no longer report its financial results  to shareholders on a quarterly basis and instead will report annually  and semi-annually.  MBN has appointed Middlefield Limited as its  registered investment fund manager (the "Manager") and Middlefield  Capital Corporation as its registered advisor. The Manager has  appointed Bernard I. Ghert (Chair), George S. Dembroski and H. Roger  Garland as members of the Independent Review Committee for MBN. 

 The directors and officers of MBN effective October 31, 2011 are as  follows: 

  





    W. Garth Jestley    Chairman, Chief Executive Officer and Director
    Dean Orrico         President and Director
    Dennis da Silva     Director
    Richard L. Faiella  Director
    Sylvia V. Stinson   Secretary-Treasurer






 MBN trades on the Toronto Stock Exchange under the symbol "MBN". 

Middlefield Bancorp Limited


CONTACT:  visit our website at www.middlefield.com or contact:W. Garth JestleyChairman and Chief Executive Officer(416) 847-5346 


    

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