X0101 EFFECT 33 LIVE 2015-08-20 11:00:00

N-14

0000889284 STERLING CAPITAL FUNDS 333-205870 0000889284 STERLING CAPITAL FUNDS S000049655 Sterling Capital Stratton Mid Cap Value Fund C000156998 Institutional Shares 0000094825 STRATTON MID CAP VALUE FUND, INC. S000001458 STRATTON MID CAP VALUE FUND C000003878 STRATTON MID CAP VALUE FUND 0000889284 STERLING CAPITAL FUNDS S000049656 Sterling Capital Stratton Real Estate Fund C000157001 Institutional Shares 0000030137 STRATTON REAL ESTATE FUND, INC. S000001459 STRATTON REAL ESTATE FUND, INC. C000003879 STRATTON REAL ESTATE FUND, INC. 0000889284 STERLING CAPITAL FUNDS S000049657 Sterling Capital Stratton Small Cap Value Fund C000157004 Institutional Shares 0000896165 STRATTON FUNDS, INC. S000001460 STRATTON SMALL-CAP VALUE FUND C000003880 STRATTON SMALL-CAP VALUE FUND