Today, Resource Real Estate Diversified Income Fund (the "Fund," ticker RREDX), announced its fourth quarter dividend of $0.15 as of December 31, 2013, increasing its quarterly distribution by 10.5 percent from its first distribution in June 2013. This dividend represents a 6.6 percent SEC yield, keeping it in excess of the Fund's target yield of 5 percent.

RREDX is an interval fund that seeks to offer investors current income, risk diversification and long-term appreciation. The Fund is constructed to have a low correlation to the broader markets and provides investors with a liquidity feature. The professionally managed portfolio invests across real estate asset types, through both publicly traded and private investments and in both debt and equity opportunities.

"We are excited that we have beaten our target yield for the past three quarters and are distributing income to our investors. The Fund also provides diversification across different asset types, which is especially important for investors to consider during a potentially rising interest rate environment," said Global Portfolio Manager Scott Crowe.

                                 
As of 12/31/13       1 year       3 year       5 year      

Since Inception (3/12/13)

RREDX       N/A       N/A       N/A       -3.8%
                       

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 adviser 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. For performance information current to the most recent month-end, please call toll-free (866) 747-9559.

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 $2.1 billion. RRE is a wholly owned subsidiary of Resource America (NASDAQ: REXI). As of September 30, 2013, Resource America managed $16.5 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.

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.

Traded REIT Equity is a common stock investment in a publicly traded REIT that owns and operates income-producing real estate. REIT Equity is traded on major stock exchanges and has voting rights. Traded REIT Preferred Equity is an investment in a publicly traded REIT. Preferred equity benefits from a higher claim on the assets and earnings of a company than common equity, does not have voting rights, and pays a fixed dividend with a yield usually above that of common equity. A Non-traded Income REIT invests in real estate directly, receives special tax considerations, and typically offers investors current income. It does not trade on a securities exchange.

Correlation measures how closely the investment tracks the market.

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 FINRA. Resource Real Estate, Inc., Resource America, Inc. and Northern Lights Distributors, LLC are not affiliated.

Mutual Funds involve risk including the possible loss of principal. 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.

Media Contact:
Gregory FCA for Resource Real Estate
Jimmy Moock, 610-228-2125
jimmy@gregoryfca.com
or
Company Contact:
Resource Real Estate
Marianne McGuire, 267-256-5964
Director of Marketing
mmcguire@resourcerei.com