The sales load on Class A shares of the Diversified Income Fund and the Credit Income Fund has been reduced to a maximum of 5.75% from 6.50% and their investment breakpoints have been adjusted. The up-front dealer-manager fee on Class C shares of the Credit Income Fund has been removed. In addition, the annual dealer-manager fee on Class W shares of the Diversified Income Fund and the Credit Income Fund has been eliminated.

Resource Real Estate Diversified Income Fund Risk Disclosures

An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus containing this and other information, please call (866) 773-4120 or download the file from www.RREDIF.com. Read the prospectus carefully before you invest.

Investing involves risk. Investment return and principal value of an investment will fluctuate, and a shareholder’s shares, when redeemed, may be worth more or less than their original cost. Certain of the Fund’s underlying investments, including alternative investment funds, ETFs, interval 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 hybrids 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, an increase 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 may 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, regardless of how the Fund performs. 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 properties, 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.

The Fund is distributed by ALPS Distributors, Inc. (ALPS Distributors, Inc. 1290 Broadway, Suite 1100, Denver, CO 80203). Resource Real Estate, Inc. and ALPS Distributors, Inc. are not affiliated.

Resource Credit Income Fund Risk Disclosures

An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus containing this and other information, please call (866) 773-4120 or download the file from www.ResourceCreditIncome.com. Read the prospectus carefully before you invest.

Investing involves risk. Investment return and principal value of an investment will fluctuate, and a shareholder’s shares, when redeemed, may be worth more or less than their original cost. Certain of the Fund’s underlying investments, including alternative investment funds, exchange-traded funds, interval funds and closed-end funds, are subject to management and other expenses, which will be indirectly paid by the Fund. Debt securities are subject to credit risk and interest rate risk. Issuers of debt securities may not make scheduled interest and principal payments, resulting in losses to the Fund. Typically, an increase 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 may 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, regardless of how the Fund performs. Investments in lesser-known, small and medium capitalization companies may be more vulnerable than larger, more established organizations.

The Fund is distributed by ALPS Distributors, Inc. (ALPS Distributors, Inc. 1290 Broadway, Suite 1100, Denver, CO 80203). Resource Financial Fund Management, Inc. is not affiliated with ALPS Distributors, Inc.

About Resource America, Inc.

Resource America, Inc. (“Resource”), the parent company of Resource Real Estate, Inc. and Resource Financial Fund Management, Inc., the Funds’ advisors, is an asset management company that specializes in real estate and credit investments. Resource’s objective is to be best in class among asset managers in the real estate and credit sectors as measured by returns to investors and the quality of the funds and businesses it manages. Resource’s investments emphasize consistent value and long-term returns with an income orientation. Resource is a wholly-owned subsidiary of C-III Capital Partners LLC, a leading real estate investment management and commercial property services company.

RRE000513– 1/31/18