SUBSCRIPTION AGREEMENT BETWEEN THE FUND AND THE INVESTOR LOCORR MANAGED FUTURES STRATEGY FUND LETTER OF INVESTMENT INTENT

SUBSCRIPTION AGREEMENT BETWEEN THE FUND AND THE INVESTOR

LOCORR MANAGED FUTURES STRATEGY FUND

LETTER OF INVESTMENT INTENT

February 23, 2011

To the Board of Trustees of LoCorr Investment Trust:

Effective as of the date first written above, the undersigned (the "Purchaser") subscribes to purchase a beneficial interest ("Interest") in the LoCorr Managed Futures Strategy Fund, in the amount of $100,000.00 for 10,000 shares at net asset value of $10.00 per share, in consideration for which the Purchaser agrees to transfer to you upon demand cash in the amount of $100,000.00.

The Purchaser agrees that each Interest is being purchased for investment purposes only and with no present intention of reselling or redeeming said Interest.

LoCorr Fund Management, LLC

                                                                                                     /s/ Xxx X. Xxxxx                                       

By: Xxx X. Xxxxx                                                  

Its:  Chief Operating Officer