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EXHIBIT 99.1
Z
ZURICH
November 1,2005
Berthel Growth & Income Fund
101 Taina St.
Marion, IA 52302
Re: Bond/Policy
No. flE 000556901 Dear Insured:
Acting upon your application, we offer you the enclosed
bond/policy. The coverages, limits and deductibles
provided by the bond/policy may vary from those
requested in your application. If there are differences
in coverages, limits, or deductibles, these differences
are a result of the negotiations we had in developing
your bonding and/or insurance program, and they
supersede what was requested in your application.
Zurich North America
9225 Indian
Creek By
retaining the bond/policy and paying the premium Parkway. Suite 700
billed,
you have accepted this offer of coverage as Overland Park.
KS
established by the enclosed bond/policy.
66210
Yours sincerely,
Phone800-777-9005
http//www.zurich.com
/s/ Patricia M.
Tobin
-------------------------
Patricia M. Tobin
Direct Phone
Zurich Insurance Company
913-696-3640
Fax 1913.596.3641 E-Mail
patricia.
tobin@zurichna.com
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THE
FINANCIAL INSTITUTION BOND
Home Office
F&D
Standard Form No. 14, Revised to October, 1987 P.O. Box 1227
COMPANIES
Baltimore, MD 21203
Fidelity and Deposit Company of Maryland
(stock insurance company, herein called Underwriter)
Bond No. FIB 000556901
DECLARATIONS
Item 1. Name of
Insured (herein called Insured) Berthel Growth &
Income Fund; Berthel SBIC, LLC
