Encompass Fund Declares First Dividend.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Encompass Fund (CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. No. 29256Q102) has declared an annual income distribution of $0.0323 per share, payable on December 26, 2006, to shareholders of record December 22, 2006. 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. was December 26, 2006. Reinvested dividend transactions were at $9.33 per share, the net asset value (NAV See navigation system and navigation bar. ) on the ex-dividend date. This was the first dividend paid by the San Francisco-based fund. Encompass Fund was declared effective by the SEC on June 30, 2006. Encompass Fund is a no-load capital appreciation fund, seeking long-term growth of capital. Current income is not a primary objective. Encompass Fund invests in domestic and foreign equities of any market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . The Fund's current holdings range in market cap size from $12 million to $90 billion. The Fund's top ten equity holdings as of December 31, 2006 were: Northern Orion Resources Inc., Delcath Systems Inc., DepoMed Inc., Wyndham Worldwide Corporation, Avis Budget Group, Inc., Prime Group Realty Trust Pfd B, Monmouth Capital Corporation, Exeter Resource Corporation, Seabridge Gold Inc., and Canetic Resources Trust. Shares of the Fund are not deposits or obligations of or guaranteed by any bank, are not insured by the FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). or any other agency, and include investment risk, including possible loss of the principal amount invested. This information does not constitute an offer to buy or sell shares of the Fund or any other security. The net asset value of the Fund will fluctuate with the value of the underlying securities. The Fund's investment objective, risks, charges and expenses should be considered carefully before investing. The prospectus containing this and other important information about Encompass Fund may be obtained by calling the transfer agent at 888.403.3457 or visiting the Fund's website at http://www.encompassfund.com. |
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