Pekin Singer Strauss Asset Management, investment advisor to Appleseed Fund (NYSE: APPLX, APPIX) and to high-net-worth individuals, is supporting a move to amend the redemption mechanism of Central GoldTrust (NYSE: GTU), a Canadian-based closed-end fund that owns and holds physical gold bullion.

Pekin Singer Strauss supports Polar Securities Inc. in a unitholder initiative that, if passed, will allow redemptions of 100% net asset value for those requesting a gold redemption and 95% net asset value for those requesting a cash redemption.

Pekin Singer Strauss first bought Central GoldTrust units in 2010, and today its clients and investors currently hold more than 1.2 million units -- 6.4% of the issued and outstanding units -- through separately managed accounts and through Appleseed Fund, a go-anywhere value mutual fund where Central GoldTrust is a top holding.

"We have grown increasingly disappointed by Central GoldTrust's persistent trading discount, and we welcome the steps taken by Polar to unlock the trust's unitholder value," said Adam Strauss, Pekin Singer Strauss co-CEO. "We encourage Central GoldTrust's board of trustees to address the issue as soon as possible."

Strauss continued, "We believe that Central GoldTrust's current trading discount is entirely due to the lack of a redemption feature, which is why we support the unitholder proposal as currently drafted. We believe an enhanced redemption feature would lead to an elimination of the trading discount and a material increase in the value of Central GoldTrust units."

About Pekin Singer Strauss Asset Management

Founded in 1990, Pekin Singer Strauss Asset Management is a leading Chicago-based wealth management firm that provides its high-net-worth clients with thoughtful financial advice, comprehensive financial plans and customized investment portfolios. It has generated superior returns over time by pursuing a disciplined value investing approach which minimizes investment risk with clients' capital. The independent, employee-owned firm is committed to maintaining the highest standards of ethics and objectivity and to serving as its clients' trusted advisor. For more information, visit

About Appleseed Fund

Appleseed Fund is a mutual fund that seeks to generate market-beating returns by making, prudent, disciplined, and sustainable investments in a variety of asset classes around the world. The Fund is managed by Pekin Singer Strauss Asset Management, an SEC registered investment firm dedicated to value investing. For more information, visit .

Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.

Investments in commodities may be affected by overall market movements, changes in interest rates, and other factors such as weather, disease, embargoes and international economic and political developments. Commodities are assets that have tangible properties, such as oil, metals, and agricultural products. These instruments may subject the Fund to greater volatility than investments in traditional securities.

As of 12/31/2014 Appleseed Fund invested 13.1% of its portfolio into Central GoldTrust (NYSE: GTU).

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-800-470-1029. Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300, Indianapolis, IN 46208. (Member FINRA)

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