Dividend Notice to all Series F Class Shareholders of record on December 17th, 2021.

The Coleford Equity Fund, a Mutual Fund Trust, announced on the 15th day of December 2021 a $689,707.46 dividend to be paid on the 17th day of December 2021 to all Series F Class Unitholders of record on the 17th day of December 2021. For the record and for income tax purposes, each unitholder of record should be aware that 63.86% of the dividend payment will be classified as an eligible dividend and the balance will be characterized as foreign business income.