New Structure Provides Investors Daily Liquidity at Net Asset Value

SAN FRANCISCO – September 28, 2011 - The Shelton Greater China Fund (the "Fund") announced today that the conversion of the Fund from a closed-end fund to an open-end fund is expected to occur on October 7, 2011.

Shareholders of the Fund approved its conversion from closed-end to open-end earlier this year. As part of this conversion, Shelton Capital Management has announced a 90-day 2% redemption fee. Therefore, holders of the Fund as of October 7, 2011 will be subject to a 2% fee if they redeem shares of the Fund before Jan 7, 2012. The conversion from a closed-end fund, which trades at the current market price, to an open-end fund, which sells and redeems its shares at the day’s closing net asset value (NAV), will eliminate the discount at which the Fund has historically traded.

The last day of trading in the Fund as a closed-end fund will be September 30, 2011. Trading will be suspended during the period from the opening of business on October 3, 2011 through the opening of business on October 10, 2011 and during that time there will be no trading of the Fund shares on the NYSE.

Effective October 10, 2011 purchases, exchanges, and redemptions will be processed in accordance with the Funds’ then effective Prospectus. Purchases of the Fund will be subject to the 2% redemption fee if those purchases are sold within 90 days. The Fund can be purchased directly with RFS Partners or at most major brokerage firms.

About Shelton Capital Management

Shelton Capital Management is a recently announced DBA for CCM Partners, which has served as the investment adviser and administrator to the California Investment Trust since 1985.

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. For a copy of the Fund’s prospectus and, if available, a summary prospectus, that contains this and other information about the Fund, ask your investment advisor, visit our website at www.sheltoncap.com or call us at 800-955-9988. RFS Partners will be the distributor of the Fund following its conversion to an open-end fund.

Information in this announcement as well as the Fund's prospectus (the "Prospectus") and statement of additional information (the "Statement of Additional Information"), each dated September 22, 2011, is not complete and may be changed. The Fund may not sell the securities set forth in the Prospectus and Statement of Additional Information until the registration statement filed with the Securities Exchange Commission is effective. None of this announcement, the Prospectus or the Statement of Additional Information is an offer to sell such securities and is not soliciting an offer to buy such securities in any jurisdiction where the offer or sale is not permitted.