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Sustainable Real Estate Dividend Fund
Distribution Reinvestment Plan

To Sustainable Real Estate Dividend Fund (“Sustainable Real Estate”) Unitholders:

Sustainable Real Estate Dividend Fund's Distribution Reinvestment Plan provides eligible unitholders with a convenient and economical way to maximize their investment in Sustainable Real Estate. The Plan provides participants an opportunity to reinvest distributions into trust units at a discount to the prevailing market price whenever the market price exceeds the net asset value.

If you are an eligible unitholder, and you wish to participate in the Sustainable Real Estate 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.


Dean Orrico

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