U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique investment adviser specializing in natural resources and emerging markets, announces that four of the mutual funds it manages will pay 2009 income dividend distributions.
The record date was December 10, 2009, and the ex-dividend and payable date is December 11, 2009.
Shareholders should be aware that the distributions of dividends and/or capital gains have reduced each fund’s net asset value (NAV) by the amount of the distribution. Market activity may also have impacted a fund’s NAV on the ex-dividend date, so the total change in a fund’s NAV may be more or less than its distribution.
Shareholders with automatic reinvestment will receive their distribution in the form of additional shares at the closing prices on December 11, 2009, while others will receive their distribution by check. The distributions do not affect the fund’s total return.
The following is a list of the dividends by fund. No capital gains distributions will be paid.
|Total per share|
|World Precious Minerals (UNWPX)||0.672||0.000||0.000||0.672|
|Gold and Precious Metals (USERX)||0.039||0.000||0.000||0.039|
|Global MegaTrends (MEGAX)||0.023||0.000||0.000||0.023|
|All American Equity (GBTFX)||0.110||0.000||0.000||0.110|
“We and our accountants have worked hard to make the distributions as small as possible and in as few funds as possible in order to be tax-efficient, and in that effort we had good success,” says Frank Holmes, U.S. Global's CEO and chief investment officer.
“In the case of our gold funds, that sector had a very strong year in terms of generating returns for investors,” Mr. Holmes says. “For World Precious Minerals in particular, income dividend per share was also impacted by federal tax laws that classify certain passive income for international junior mining companies as ordinary income for shareholders. The fund targets promising junior miners in pre-production stages of development, so some exposure to the tax rules is unavoidable.”
To learn more about the U.S. Global Investors family of funds, including fund performance and other important information, please visit www.usfunds.com.
About U.S. Global Investors, Inc.
U.S. Global Investors, Inc. (www.usfunds.com) is an SEC-registered investment adviser that focuses on profitable niche markets around the world. Headquartered in San Antonio, Texas, the company provides advisory, transfer agency and other services to U.S. Global Investors Funds and other clients.
With an average of $2.4 billion in assets under management in the quarter ended September 30, 2009, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets. In general, trends in assets under management are the critical drivers of revenue and earnings.
U.S. Global Investors routinely posts corporate filings and other important information on the company’s website, www.usfunds.com.
Please consider carefully the fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage, Inc.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in these sectors.
Terry Badger, 210-308-1221
Director of Communications