Admission to Listing Announcement: - Conservative Yield Fund 24,500 Class D Shares

HAMILTON, BERMUDA:  6 June 2018 - The Bermuda Stock Exchange announces the admission of the Conservative Yield Fund to its Official List.

•    Name of Issuer: - Conservative Yield Fund.

•    Description of Securities: - Class D shares with a par value of US$1.00

•    Nominal Amount of Securities: - 24,500 Class D Shares

•    Listing Classification: - Section IV – Collective Investment Vehicles.

•    Method of Listing: - Offer for Subscription to Qualified Investors.

•    Date of Admission to Listing: - 6 June 2018

•    Listing Sponsor: - Global Custody & Clearing Ltd.