Company Press Release

Northern Lights Distributors Makes Covered Call Strategy More Accessible To Mutual Fund Investors

Strategic Counsel and Distribution Assistance Fueled Lower Expense Ratio and Fees to Increase Inflows of Assets

OMAHA, Neb., July 9, 2013 -- Northern Lights Distributors, LLC ("NLD") a broker-dealer specializing in helping funds navigate the distribution universe by providing comprehensive mutual fund distribution and compliance services and Iron Horse Fund(IRHAX/IRHIX), a mutual fund deploying a signature covered call investment strategy have announced the reduction in fees for the fund.

The Iron Horse Fund is sub-advised by Van Hulzen Asset Management ("Van Hulzen"), a Folsom, California-based registered investment advisor that has managed equity and covered call portfolios for more than 11 years. After consultations with NLD, Van Hulzen made the decision to reduce the Iron Horse Fund's management fee by 50 basis points. The Fund's administrator, Gemini Fund Services, has also lowered its administration costs in order to make the overall expense ratio of the Fund more attractive to investors. These changes will take effect on July 1, 2013.

"By reducing the fund management fee from 125bp to 75bp, we are reducing the costs to our investors and improving our competitive position within the industry," said Craig Van Hulzen, Founder and President of Van Hulzen Asset Management. "An income strategy is especially relevant in today's low yield and volatile investment landscape, and with the support of NLD and Gemini, we believe we are now better positioned to grow our assets."

The Fund seeks to create a portfolio with less volatility than the S&P 500 Index and other equity market indices. The Fund invests in large-cap companies that have a history of paying regular dividends, have produced strong returns on investment, have below-average debt and a consistent track record of creating shareholder value. The goal is a portfolio that generates a higher than average annual income with a target of 6-8% annual income.

"There is growing demand for a covered call strategy that seeks to reduce volatility and dependence on the equity markets for favorable returns," said Jonathan Poyer, Distribution Manager of NLD. "By adopting an extremely competitive targeted expense ratio and working with us to make advisors and investors fully understand the value of this strategy; Van Hulzen has uniquely positioned the Iron Horse Fund to be at the forefront of investors' minds when they seek out innovative and cost-effective covered call strategies to incorporate into their portfolios."

The Iron Horse Fund was launched in July 2011 and follows the covered call strategy that Van Hulzen has managed through separately managed accounts for over a decade.

For more information about the Iron Horse Fund please contact Stefan ten Brink at 916-608- 4284 or stefan@vaminvest.com. For more information about NLD please contact Dana Taormina at 973-850-7305 or dtaormina@jcprinc.com.

About Northern Lights Distributors, LLC Northern Lights Distributors, LLC ("NLD") is a broker-dealer specializing in helping funds navigate the distribution universe by providing comprehensive mutual fund distribution and compliance services. NLD serves as an engaged partner empowering over 100 investment advisors to focus their time on active fund distribution. NLD's primary distribution services include: providing access to hundreds of established selling agreements, processing 12b-1 payments, facilitating NSCC trading and administering advertising review and submission with the Financial Industry Regulatory Authority Inc. ("FINRA").

Treating each relationship uniquely, NLD works side by side with investment advisors to grow assets in their funds by offering sales and distribution support and assisting in defining and implementing marketing and distribution plans. Through sales and distribution managers, NLD connects funds with broker-dealers to help establish selling agreements and develop working relationships with their representatives. For more information, visit www.nldistributors.com.

About Van Hulzen Asset Management Folsom, California based Van Hulzen Asset Management is an SEC-registered investment advisory firm and has a strategic partnership with Wedbush, Inc., the holding company that controls Wedbush Securities and Wedbush Capital Partners. Van Hulzen was founded byCraig Van Hulzen in 1998. Mr. Van Hulzen has advised on risk management topics for over a decade and has managed a covered call strategy since late 2001.

Co-managing the Fund with Mr. Van Hulzen are John Pearce and Stefan ten Brink. Mr. Pearce joined Van Hulzen Asset Management in 2008 from Credit Suisse, where he was a Director in the Investment Banking division and advised large corporations and institutions on value-based topics. Mr. ten Brink joined Van Hulzen Asset Management in January 2011 from Petercam Asset Management in Amsterdam, where he was an institutional portfolio manager. For more information, visit www.vaminvest.com & www.ironhorsefund.com.