Acorn Family of Funds Declare Year-End Distributions.CHICAGO--(BUSINESS WIRE)--Dec. 9, 1999-- The Acorn Investment Trust Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. today announced the year-end distributions for the Acorn Family of Funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". . The record date is December 9, the ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. is December 10, 1999, and the payable date is December 15, 1999. The total distribution for the Acorn fund is $3.41 per share, consisting of $0.06 per share income and $3.35 per share long-term capital gains. The total distribution for Acorn International is $1.62 per share, consisting of $0.07 per share income and $1.55 per share long-term capital gains. The total distribution for Acorn USA is $1.33 per share, consisting of $0.01 per share short-term capital gains and $1.32 per share long-term capital gains. Acorn Twenty will pay $0.14 per share short-term capital gain. Acorn Foreign Forty will not pay a year-end distribution. Wanger Asset Management, L.P. (WAM WAM - Intermediate language for compiled Prolog, used by the Warren Abstract Machine. "An Abstract Prolog Instruction Set", D.H.D. Warren, TR 309, SRI 1983. ), the Chicago-based investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and to the Acorn Family of Funds, is one of the top global small to midcap equity managers in the industry. Lead by Chief Investment Officer Ralph Wanger, WAM credits its team approach, thorough research and unique stock selection process for 29 years of outstanding investment results. Currently, the firm manages $8 billion in assets, including products for the variable annuity, institutional and offshore markets. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion