June 28 (Reuters) - Mbn Corp MBN.TO :
* MBN ANNOUNCES MERGER WITH GLOBALANCE DIVIDEND GROWERS CORP. AND INITIATION OF DIVIDEND POLICY
* FOLLOWING MERGER, GLOBALANCE INVESTORS WILL HOLD SHARES OF MBN
* GLOBALANCE SHAREHOLDERS WILL SEE THEIR ANNUAL MANAGEMENT FEE REDUCED FROM 1.25% TO 1.10%
* ALL COSTS AND EXPENSES ASSOCIATED WITH MERGER WILL BE BORNE BY MANAGER AND NOT FUNDS
* ALL COSTS AND EXPENSES ASSOCIATED WITH MERGER WILL BE BORNE BY MANAGER MIDDLEFIELD AND NOT BY FUNDS
* MBN IS INITIATING A QUARTERLY DIVIDEND OF $0.08 PER SHARE
* MERGER IS EXPECTED TO BE EFFECTED ON A TAX-DEFERRED ROLL-OVER BASIS
* MBN WILL BE THE CONTINUING ENTITY FOLLOWING MERGER