To European Focused
Dividend Fund Unitholders:
Dividend Fund's Distribution Reinvestment Plan provides eligible unitholders
with a convenient and economical way to maximize their investment in European.
The Plan provides participants an opportunity to reinvest distributions into
trust units and make optional trust unit purchases, at a discount to the
prevailing market price whenever the market price exceeds the net asset
If you are an eligible
unitholder, and you wish to participate in the European Focused Distribution
Reinvestment Plan, simply call your Investment Advisor and request to be
enrolled in the Plan. If you require more information about the Plan, contact
our Plan Agent or visit our website at www.middlefield.com.