Dividend Notice to all Series F Class Shareholders of record on December 15, 2020.

The Coleford Equity Fund, a Mutual Fund Trust, announced on the 15th day of December 2020 a $619,947.85 dividend to be paid on the 18th day of December 2020 to all Series F Class Unitholders of record on the 18th day of December 2020. For the record and for income tax purposes, each unitholder of record should be aware that 58.15% of the dividend payment will be classified as an eligible dividend and the balance will be characterized as foreign business income.