The Fund's objective is the long-term growth of capital primarily through investment in equity securities. Equity investments will be in issuers with high growth potential operating primarily in the Canadian natural resource sector and may, from time to time, include securities of issuers operating in other industry sectors.

Assisted by the research of Groppe, Long and Littell ("GL&L"), an advisor to Middlefield that specializes in oil and gas supply, demand and price forecasting, we remain positive on the long-term outlook for the oil and gas sector and continue to be of the view that global oil and North American natural gas production have peaked. We also favor gold which should continue to benefit from its "safe-haven" status as global fiscal imbalances, high levels of sovereign debt and ongoing geopolitical concerns threaten to undermine economic growth, weaken currencies or potentially spur inflation.

The Fund is authorized to issue series of shares designated as Series A and F.