Market Overview

Centaur Total Return Fund (TILDX) Declares Annual Distributions


Centaur Mutual Funds has announced that the Centaur Total Return Fund
(ticker = TILDX) will declare annual capital gains distributions for
2017. The following dates apply to today's distribution declarations:

Record Date

          December 7, 2017

Ex-Dividend Date

December 8, 2017

Payable Date

December 11, 2017

The fund is projecting to pay approximately $0.95 per share in Short
Term Capital Gains and $0.52 per share in Long Term Capital Gains, for a
total distribution of approximately $1.46 per share.

Investors will receive these distributions in the form of additional
Fund shares or cash, as elected by each account holder. As a result of
these distributions, the reported per-share value of the fund is
expected to decline by approximately $1.46 per share, or roughly 10.27%.
Please note that this has no impact on the total return of the fund

For further details, please visit our web site at

The distribution estimates were determined based on net capital gains
realized, net income and shares outstanding at 10/31/2017. The actual
net income is subject to change (greater or lower due to additional
income realized and possible adjustments, some of which are required by
tax laws).

Investment in the Funds entails risks, including possible loss of the
principal invested. Consult your prospectus for more information.

To obtain a recent prospectus, please contact (888) 484-5766 or email
us a literature request (
You should consider the Fund's investment objectives, risks, charges,
and expenses carefully before you invest. Information about these and
other important subjects is in the Fund's prospectus, which you should
read carefully before investing.

Shares of the Fund are distributed by Ultimus Fund Distributors, LLC.

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