At a meeting of the Board of Trustees (the “Trustees”) of Multi-Strategy Growth & Income Fund (the “Trust”), held on February 6, 2015, upon a motion duly made and seconded, the following resolutions were unanimously adopted by the Trustees:

RESOLVED, that the Board authorizes the Trust to obtain and maintain a fidelity bond, in the form of an investment company blanket bond, against larceny and embezzlement, covering each officer and employee of the Trust; and

FURTHER RESOLVED, that the Board giving due consideration, as required by rule 17g-1(d) under the 1940 Act, to all relevant factors, including but not limited to the type and terms of custody of such assets and the nature of the securities in the Fund’s portfolio, authorizes a fidelity bond upon the terms as discussed at this Meeting; and

FURTHER RESOLVED, that the officers of the Trust are authorized to increase the amount of the fidelity bond from time to time to ensureadequate coverage based upon all relevant factors, including the value of the Trust’s assets, to enable the Trust to remain in compliance with the 1940 Act, including rule 17g-1(d) thereunder; and

FURTHER RESOLVED, that, for purposes of rule 17g-1(h) under the 1940 Act, the President and Secretary of the Trust are each authorized to make all necessary filings with the SEC and give all notices and information with respect to such fidelity bond as required under rule 17g-1(g) under the 1940 Act; and

FURTHER RESOLVED, that the Trustees & Officers Liability Insurance Policy issued by U.S. Specialty Insurance Company, as discussed at this Meeting, is sufficient to protect the interests of the Trust and its Trustees and officers, and that the officers of the Trust are authorized and directed to secure the D&O/E&O Policy for the Trustees and the officers of the Trust in the amount of $1,000,000 until March 16, 2016; and

FURTHER RESOLVED, that the officers of the Trust are authorized to make any payments, take any actions and execute any instruments that may be necessary or advisable to carry out the foregoing resolutions and the purpose and intent thereof.