Compass Capital Funds Announces Early Year-End Capital Gains Distributions for Bond and Equity Funds.NEW YORK--(BUSINESS WIRE)--Sept. 30, 1997--Today, the Compass Capital Group announced capital gains estimates for all equity and bond portfolios of the Compass Capital Funds (see attached for dividend payment schedule and preliminary estimates). Please note that the attached reflects preliminary estimates. The information presented is subject to change. Capital gains distributions are made by mutual fund companies when they have net gains from the sale of securities held within their portfolios during the fiscal year. Depending on the amount of time a security is held by the fund, the gain is qualified as either short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. or long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. for tax purposes. 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. are taxable as capital gains. 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. are taxable as ordinary income for 1997. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Compass Capital Funds currently has approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $13.5 billion under management and offer 31 mutual funds designed to fit a broad range of investment goals. For more information on Compass Capital Funds, please contact your financial advisor or call us toll free at 1-888-4COMPASS. You can also reach us on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the through the World Wide Web by accessing http://www.compassfunds.com. Attachments A and B provide ESTIMATED year-end year-end also year·end n. The end of a year. adj. Occurring or done at the end of the year: a year-end audit. Noun 1. capital gains per share, and unrealized gains Unrealized Gain A profit that results from holding on to an asset rather than cashing it in and using the funds. Notes: Let's say you own a stock that has doubled, but you haven't sold it yet. This is said to be an unrealized gain. and losses per share, respectively, for the Compass Capital Funds. Declaration Schedule The year-end distribution schedule is PROJECTED to be as follows (dates subject to change): ALL EQUITY PORTFOLIOS -- Record date: November November: see month. 5, 1997. Shareholders "of record" on this date will receive the distribution. -- 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 6, 1997. The price drops by the amount of the distribution on this date, and "reinvest re·in·vest tr.v. re·in·vest·ed, re·in·vest·ing, re·in·vests To invest (capital or earnings) again, especially to invest (income from securities or funds) in additional shares. " shareholders receive additional shares for their distribution. Any investor who purchases the fund on this date avoids the distribution and its associated tax liability. -- Payable date: November 12, 1997. For "cash" investors, payments are sent to investors on this date. ALL BOND PORTFOLIOS -- Record date: November 12, 1997. Shareholders "of record" on this date will receive the distribution. -- Ex-dividend date: November 13, 1997. The price drops by the amount of the distribution on this date, and "reinvest" shareholders receive additional shares for their distribution. -- Payable date: November 18, 1997. For "cash" investors, payments are sent to investors on this date. -0-
ATTACHMENT A
PROJECTED YEAR-END CAPITAL GAINS DISTRIBUTIONS
Portfolio Estimated Capital Gains NAV as of Estimated
per share Sept. 26, Gains as %
Long Short Total 1997 of NAV
(Instl. as of
Equity Class) Sept. 26,
1997
Large Cap Value Equity $1.36 $0.44 $1.80 $17.47 10.30%
Large Cap Growth Equity $1.62 $0.86 $2.48 $18.95 13.10%
Select Equity $1.01 $0.14 $1.15 $17.46 6.59%
Mid Cap Growth $0.08 $0.03 $0.12 $12.11 .96%
Mid Cap Value 0 $0.36 $0.36 $12.72 2.83%
Small Cap Growth $0.76 0 $0.76 $23.23 3.25%
Small Cap Value $1.00 $0.68 $1.68 $20.05 8.37%
International Equity $0.09 $0.03 $0.13 $14.60 .86%
Emerging Mkts Equity $0.10 0 $0.10 $ 9.66 1.07%
Index $0.03 $0.01 $0.05 $18.28 0.25%
Balanced $1.10 $0.12 $1.22 $18.19 6.71%
FIXED INCOME
Low Duration Bond 0 0 0 $ 9.90 0
Intermediate Government 0 0 0 $10.12 0
Intermediate Bond 0 $0.03 $0.03 $ 9.50 0.35%
Core Bond 0 $0.08 $0.08 $ 9.84 0.76%
Managed Income 0 0 0 $10.43 0%
Government Income 0 $0.11 $0.12 $10.51 1.09%
International Bond $0.04 $0.15 $0.19 $10.97 1.72%
Tax Free Income $0.02 $0.03 $0.05 $11.34 0.46%
PA Tax Free 0 0 0 $10.78 0
NJ Tax Free 0 0 0 $11.66 0
OH Tax Free 0 0 0 $10.51 0
ATTACHMENT B
PROJECTED UNREALIZED GAINS (LOSSES) PER SHARE
Portfolio
Estimated Estimated
Unrealized NAV as of Unrealized gain/
gain/(loss) Sept. 26, 1997 (loss)
per share (Instl. Class) as % of NAV as of
Sept. 26, 1997
EQUITY
Large Cap Value Equity $4.38 $17.47 25.05%
Large Cap Growth Equity $6.03 $18.95 31.83%
Select Equity $5.17 $17.46 29.61%
Mid Cap Growth $1.92 $12.11 15.82%
Mid Cap Value $1.78 $12.72 13.96%
Small Cap Growth $7.28 $23.23 31.34%
Small Cap Value $5.68 $20.05 28.34%
International Equity $2.15 $14.60 14.74%
Emerging Markets Equity $0.65 $9.66 6.69%
Index $6.88 $18.28 37.65%
Balanced $4.33 $18.19 23.82%
FIXED INCOME
Low Duration Bond $0.03 $9.90 0.34%
Intermediate Government Bond $0.08 $10.12 0.78%
Intermediate Bond $0.09 $9.50 0.97%
Core Bond $0.15 $9.84 1.48%
Managed Income $0.15 $10.43 1.42%
Govt. Income $0.16 $10.51 1.57%
International Bond ($0.03) $10.97 (0.29%)
Tax Free Income $.42 $11.34 3.71%
PA Tax Free $0.43 $10.78 4.03%
NJ Tax Free $0.59 $11.66 5.09%
OH Tax Free $0.52 $10.51 4.95%
CONTACT: Compass Capital, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Matt Mosca Mosca may refer to: People
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion