After reviewing information distributed by both Polar Securities Inc. and Central GoldTrust, Pekin Singer Strauss Asset Management has announced that it intends to vote in favor of Polar's proposal to amend the trust's unit redemption features.

The proposed initiative, to be addressed at Central GoldTrust's May 1 annual unitholder meeting, will allow redemptions of 100 percent net asset value for those requesting a gold redemption and 95 percent net asset value for those requesting a cash redemption.

"Polar's proposal to unlock unitholder value is proven and straightforward. If implemented, we can expect a decrease in the trading discount of Central GoldTrust units and maximized value for all unitholders," said Adam Strauss, co-CEO of Pekin Singer Strauss, investment advisor to high-net-worth individuals and Appleseed Fund (NYSE: APPLX, APPIX), a go-anywhere value fund where Central GoldTrust is a top holding.

"We urge Central GoldTrust management to reconsider its rejection of Polar's proposal," he said.

Since 2010, Pekin Singer Strauss - on behalf of its separately managed accounts and Appleseed Fund -- has purchased more than 1.2 million units of Central GoldTrust, a Canadian-based closed-end fund that owns and holds gold bullion.

"As a long-term U.S.-based holder of Central GoldTrust units, we fully support Polar's redemption proposal," said Strauss.

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 Pekin Singer Strauss Asset Management is registered with the SEC as an investment adviser.

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. 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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