2011 Estimated Distributions

Payment Date / Ex-Dividend Date : December 23, 2011

These amounts are estimates and subject to change.  Net asset values for the Funds as of 11/25/2011 were $9.22 for The Dean Small Cap Value Fund and $8.83 for The Dean Mid Cap Value Fund.

The information represents estimated amounts which may change without notice. Estimates are provided for informational purposes only and are not guarantees of the amounts or character of the final distribution.  The exact amount to be paid by a Fund will be available on the ex-dividend date, which is the same as the payment date. The listed distribution dates are also subject to change.  Please refer to the relevant Prospectus and SAI for additional information, including the effect of taxes on total returns. Please consult with your attorney, accountant, and/or tax professional for advice concerning your particular situation.

Mutual funds periodically distribute income they earn to investors. By law, if a fund has net gains from the disposition of securities, or if it earns income from securities, it must pass substantially all of those earnings to its shareholders or it will be subject to corporate income taxes and excise taxes.  These taxes would, in effect, reduce investors’ total return.

It is the responsibility of any person or persons in possession of this material to inform themselves of and to take appropriate advice as to any applicable legal requirements and any applicable taxation and exchange control regulations in the countries of their citizenship, residence or domicile which might be relevant to the subscription, purchase, holding, exchange, redemption or disposal of any investments.