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,
Phone+1-800-777-9005
http//www.zurich.com
/s/ Patricia M. Tobin
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Patricia M. Tobin
Direct Phone Zurich Insurance Company
913-696-3640
Fax 1913.596.3641
E-Mail patricia.
tobin@zurichna.com
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
Principal Address:
701 Tama St. Marion, IA 52302
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Item 2. Bond Period: from 12:01 a.m. 11/1/05 to 12:01 a.m. 11/1/06
standard time at the Principal Address shown in Item 1, above.
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Item 3. The Aggregate Liability of the Underwriter during the Bond Period
shall be $1,000,000
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Item 4. Subject to Sections 4, and 11, hereof,
the Single Loss Limit of Liability is $ 500,000
and the Single Loss Deductible is $ 10,000
Provided, however, that if any amounts are inserted below oppsite
specified Insuring Agreements or Coverage, those amounts shall be
controlling. Any amount set forth below shall be part of and not in
addition to amounts set forth above. (If an Insuring Agreement or
Coverage is to be deleted, insert "Not Covered.")
Amount Applicable to: Single Loss Single Loss
Limit of Liability Deductible
Insuring Agreement (D)--FORGERY OR ALTERATION $ N/A $
Insuring Agreement (E)--SECURITIES $ N/A $
Coverage on Partners $ N/A $
Optional Insuring Agreements and Coverages:
If "Not Covered" is inserted above oppiste any specified Insuring
Agreement or Coverage, such Insuring Agreement or Coverage and any
other reference thereto in this bond shall be deemed to be deleted
therefrom.
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Item 5. The liability of the Underwriter is subject to the terms of the
following riders attached hereto:
F250; F251; F253; SR5784b; SR5834c; SR6100e; Rider#1
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Item 6. The Insured by the acceptance of this bond gives notice to the
Underwriter terminating or canceling prior bond(s) or policy(ies)
No.(s) FIB 0005569 00 such termination or cancelation to be
effective as of the time this bond becomes effective.
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Countersigned by:
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TSB5062b (F4725b) Authorized Represenative
Financial Institutional Bond Standard Form No. 14
Revised to October, 1987
FIB:4 Page 1 of 8