In light of the recent IRS Ruling and Procedure that deals with theft losses, many of you have asked about the deductibility of such losses. DTDF has taken such questions and concerns very seriously, and has discussed the matter with a number of tax professionals. Following such discussions, DTDF hired an accounting firm that specializes in tax matters to research and advise DTDF on potential theft loss tax adjustments for DTDF as a fund. We have chosen to seek a pre-filing agreement with the IRS to get IRS approval as to how the losses should be treated. Any adjustments would be reflected on investors' Schedules K-1.
 
 Although you may not be prohibited from taking any individual tax position as you and your tax professional feel is accurate, you may rest assured that DTDF will claim losses on our tax returns and pass those losses through to investors on Schedules K-1. DTDF will post an update on the website when the research has been concluded and any meetings with the IRS have resulted in either agreement or disagreement. In any event, an additional update will be posted on the website on or near December 15, 2009.
 
 To those investors whose shares are held by custodians and who are concerned that a reasonable value be assigned to their shares, DTDF believes that any losses that will be claimed will reduce the value of Diversified shares, and also will be shown on the Schedules K-1.