Today, Resource Real Estate Diversified Income Fund (the “Fund,” ticker RREDX) announces its quarterly dividend of $0.153 as of March 31, 2014, increasing its quarterly distribution by 11 percent from its first distribution in June 2013. This represents the fourth consecutive dividend and a 6.3 percent SEC yield*, placing it in excess of the Fund’s initial target of 5 percent. The Fund began trading on March 12, 2013 and closed the quarter as of March 31, 2014 with an inception-to-date total return of 2.4 percent.

Scott Crowe, Managing Director and Global Portfolio Manager at Resource Real Estate, states, “We’re pleased to announce our fourth consecutive dividend distribution. We have increased the dividend each quarter since inception, yet continue to retain capital to invest toward long-term growth.”

The Fund seeks current income, risk diversification and long-term appreciation by investing in a portfolio of publicly traded REITs, REIT preferred equity and non-traded REITs.

                         
As of 3/31/14     1 year     3 year     5 year     Since Inception (3/12/13)
The Fund     0.9%     N/A     N/A     2.4%

with Sales Charge

    -4.8%     N/A     N/A     -3.4%
               

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. The Fund’s investment advisor has contractually agreed to reduce its fees and/or absorb expenses of the Fund, at least until April 30, 2014, to ensure that the net annual Fund operating expenses will not exceed 1.99%, subject to possible recoupment from the Fund in future years. Without these waivers, the Fund’s total annual operating expenses would be 2.72%. Please review the Fund’s prospectus for more information regarding the Fund’s fees and expenses. Performance shown is for Class A shares (please see a prospectus for information about other share classes). For performance information current to the most recent month-end, please call toll-free (855) 747-9559.

* SEC yield is a standard yield calculation developed by the SEC that allows for fairer comparisons of bond funds. It is based on the most recent 30-day period covered by the fund’s filings with the SEC. The yield figure reflects the dividends and interest earned during the period, after the deduction of the fund’s expenses.

About Resource Real Estate

Resource Real Estate (“RRE”) is a firm that specializes in direct real estate investments, commercial real estate lending and global real estate securities. For over two decades, RRE and its affiliates have managed real estate assets for institutional and individual investors. RRE and its parent company have offices in New York, Los Angeles, Denver, London, Singapore, Sydney as well as its headquarters in Philadelphia and additional locations across the U.S.

RRE owns and manages real estate assets with an aggregate value of approximately $2.5 billion. RRE is a wholly owned subsidiary of Resource America (NASDAQ: REXI). As of December 31, 2013, Resource America managed $17.3 billion across various asset classes.

Dividends are only one form of Fund performance; there is no guarantee a dividend will be paid and past performance is no assurance of future results.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling (855) 747-9559. The prospectus should be read carefully before investing. The Fund is distributed by Northern Lights Distributors, LLC, member of FINRA. Resource Real Estate, Inc. and Northern Lights Distributors, LLC are not affiliated.

Investing involves risk. Investment return and principal value of an investment will fluctuate, and an investor’s shares, when redeemed, may be worth more or less than their original cost. Alternative investment funds, ETFs, mutual funds and closed-end funds are subject to management and other expenses, which will be indirectly paid by the Fund. Preferred securities are subject to credit risk and interest rate risk. Convertible securities are typically issued as bonds or preferred shares with the option to convert to equities. As a result, convertible securities are a hybrid that have characteristics of both bonds and common stocks and are subject to risks associated with both debt securities and equity securities. Issuers of debt securities may not make scheduled interest and principal payments, resulting in losses to the Fund. Typically, a rise in interest rates causes a decline in the value of fixed income securities. The use of leverage, such as borrowing money to purchase securities, will cause the Fund to incur additional expenses and magnify the Fund’s gains or losses.

There currently is no secondary market for the Fund’s shares and the Fund expects that no secondary market will develop. Limited liquidity is provided to shareholders only through the Fund’s quarterly repurchase offers. Investments in lesser-known, small and medium capitalization companies may be more vulnerable than larger, more established organizations. The Fund will not invest in real estate directly, but because the Fund will concentrate its investments in securities of REITs, its portfolio will be significantly impacted by the performance of the real estate market. There are risks associated with REITs. Risks include declines from deteriorating economic conditions, changes in the value of the underlying property, and defaults by borrowers. The sales of securities to fund repurchases could reduce the market price of those securities, which in turn would reduce the Fund’s NAV.