Bonnel Growth Fund pays out early dividend.SAN ANTONIO, Texas--(BUSINESS WIRE)--Nov. 21, 1996--U.S. Global Investors Inc. (U.S. Global) announced that the Bonnel Growth Fund will make a distribution estimated to be between $.16 and $.17 per share, representing 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. 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. (taxable as ordinary income), to shareholders of record as of November 25, 1996. The realized capital gains are direct result of the healthy one year return of over 21 percent(1). The total return for the Fund since inception is over 35 percent. -0- Record date: November 25 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. : November 26 Payable date: November 26 -0- The early dividend payment will enable investors to buy into the Bonnel Growth Fund earlier without paying taxes on gains they did not actually earn during the past year. The early payment will also allow investors 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 and invest in the Fund prior to one of the most profitable times of the year. According to the Stock Traders Almanac almanac, originally, a calendar with notations of astronomical and other data. Almanacs have been known in simple form almost since the invention of writing, for they served to record religious feasts, seasonal changes, and the like. , investors can take advantage of a market that, since 1952, has often delivered an average gain of 1.68 percent during the last five days of December and first two days of January(2). U.S. Global Investors Inc. is a public company based 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. . U.S. Global and its subsidiaries manage and/or administer approximately $1.5 billion in mutual fund and trust assets, including United Services Funds and Accolade Funds. The company's stock is traded in the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. . Additional information on the company can be obtained from our Web site at http://www.us-global.com. -0- (1) Return 10/1/95 through 9/30/96. Commencement of Fund 10/17/94 through 9/30/96. Investment returns and principal value will fluctuate so that you may have a gain or a loss when you sell shares. (2) 7.1 percent rally 30 out of last 42 years. Past performance is no guarantee of future results. CONTACT: U.S. Global Investors Inc., San Antonio Johanna Thornblad, 210/308-1237 Stephanie Linkous, 210/308-1214 |
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