Bonnel Growth Fund Pays Out Early Holiday Gift.SAN ANTONIO--(BUSINESS WIRE)--Nov. 17, 1999-- U.S. Global Investors Inc., (Nasdaq:GROW) announced that the Bonnel Growth Fund (Nasdaq:ACBGX) will pay an early dividend of approximately $4.63 per share. The dividend represents both long-term capital gains Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. (30%) and short-term capital gains Short-term capital gain A profit on the sale of a security or mutual fund share that has been held for one year or less. A short-term capital gain is taxed as ordinary income. (70%). The realized capital gains are a direct result of the fund's outstanding one-year return of 47.37% as of 9/30/99. The fund returned 20.18% and 25.81% for the 3-year and since inception (10/17/94) periods ended 9/30/99, respectively. This early payment will allow current shareholders to proceed with their year-end investment and tax planning Tax planning Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer. strategies. The short-term capital gains will be taxed as ordinary income according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. regulations; long-term capital gains will be taxed at capital gains rates. Record date: Nov. 30, 1999 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. : Dec. 1, 1999 Payable date: Dec. 1, 1999 In addition, we are pleased to report that Morningstar awarded the Bonnel Growth Fund a 4-star overall rating among 3,272 domestic equity funds. The fund also received a 4-star rating out of 3,272 and 2,047 domestic equity funds for the 3- and 5-year periods ended Oct. 31, 1999, respectively. U.S. Global Investors Inc. is a registered investment adviser with a focus on profitable niche markets around the world. Headquartered in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. , the company renders financial solutions and provides transfer agency and other services to U.S. Global Investors Funds and U.S. Global Accolade Funds. The groups consist of 14 no-load mutual funds No-load mutual fund An open-end investment company whose shares are sold without a sales charge. There can be other distribution charges, however, such as Article 12B-1 fees. A true no-load fund has neither a sales charge nor a distribution fee. that invest in a wide variety of investment options, from emerging markets to money markets. U.S. Global Investors Inc. has approximately $1.4 billion under management. Past performance is no guarantee of future results. For more complete information about U.S. Global Investors funds, including charges and ongoing expenses, call 800/US-FUNDS (800/873-8637) or visit our Web site at www.usfunds.com for a free prospectus. Please read the prospectus carefully before investing. Investment returns and principal will fluctuate so you may have a gain or loss when you sell shares. Morningstar proprietary ratings reflect risk-adjusted performance and are subject to change every month. Overall ratings are calculated from a fund's 3-, 5- and 10-year (when available) average annual returns in excess of 90-day T-bill returns with appropriate fee adjustments and a risk factor that reflects fund performance below 90-day T-bill returns. The top 10% of the funds in an investment category receive 5 stars and the next 22.5% receive 4 stars. Distributed by U.S. Global Brokerage Inc. |
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