New Structure Provides Investors Daily Liquidity at Net Asset Value

SAN FRANCISCO – September 20, 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 percent redemption fee. 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 Shelton Greater China Fund as a closed-end fund (TFC) will be October 3, 2011. Trading will be suspended during the period from the opening of business on October 4, 2011 through the closing of the reorganization and during that time there will be no market for selling or purchasing shares of TFC.

Effective October 10, 2011 purchases, exchanges, and redemptions will be processed in accordance with the Shelton Greater China Funds’ Prospectus. The fund can be purchased directly with Shelton Capital Management or at most major brokerage firms.

The Fund’s objective is long-term capital appreciation by investing primarily in companies that (i) are domiciled in, or traded on exchanges located in the Greater China region, specifically Taiwan, Hong Kong, Singapore and the People's Republic of China or (ii) have derived or are expected to derive in the company's current fiscal year (measured as of the time of original investment) a significant portion (at least 50%) of their revenues by exporting to or importing from, trading with or operating in mainland China. A company meeting the requirements of either items (i) or (ii) of the previous sentence is defined as a "Greater China Company."

About Shelton Capital ManagementShelton 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.www.sheltoncap.com.