U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique registered investment adviser specializing in emerging markets and natural resources, announces today that it will institute a 3-for-1 share split for the Eastern European Fund (EUROX) effective after the market closes on May 23, 2008.
The share split is intended to reduce daily volatility as measured by one-cent moves in the net asset value (NAV) per share of the Eastern European Fund, which is one of the top 15 performers among all U.S. mutual funds for the latest five-year and 10-year periods, according to results published in the Wall Street Journal.
When the Eastern European Fund share split is effected, the share price will decrease to one-third of its price as calculated after the market closes on May 23, 2008. At the same time, each fund shareholder of record will receive two additional EUROX shares for each share owned at the time of the split.
The split will not affect the overall value of any shareholder’s account and it will not constitute a taxable event for shareholders.
|Total Annualized Returns as of March 31, 2008|
|Fund||1-Year||5-Year||10-Year||Gross Expense Ratio|
|Eastern European (EUROX)||9.41%||40.14%||20.06%||1.98%|
Gross expense ratio as stated in the most recent prospectus. (Include expense cap disclosure if applicable.) Performance data quoted above is historical. Past performance is no guarantee of future results. Results reflect the reinvestment of dividends and other earnings. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance does not include the effect of any direct fees described in the fund’s prospectus (e.g., short-term trading fees of 2.00%) which, if applicable, would lower your total returns. Obtain performance data current to the most recent month-end at www.usfunds.com or 1-800-US-FUNDS. High double-digit returns are attributable, in part, to unusually favorable market conditions and may not be repeated or consistently achieved in the future.
About U.S. Global Investors, Inc.
U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment advisor 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, U.S. Global Accolade Funds and other clients.
With an average of $5.63 billion in assets under management for the quarter ended December 31, 2007, U.S. Global Investors manages domestic and offshore funds offering investment options from emerging markets to money markets. In general, trends in assets under management are the critical drivers of revenue and earnings.
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.
Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. By investing in a specific geographic region, a regional fund’s returns and share price may be more volatile than those of a less concentrated portfolio.
Terry Badger, 210-308-1221
Director of Communications