U.S. Global Investors Funds to Pay Year-End Distributions
December 11, 2012
SAN ANTONIO—December 11, 2012—U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique investment adviser specializing in natural resources and emerging markets, announces that six of the mutual funds it manages will pay 2012 income dividend or long-term capital gains distributions.
The record date was December 10, 2012, and the ex-dividend and payable date is December 11, 2012.
Shareholders should be aware that the distributions of dividends and/or capital gains have reduced each fund’s net asset value (NAV) by the amount of the distribution. Market activity may also have impacted a fund’s NAV on the ex-dividend date, so the total change in a fund’s NAV may be more or less than its distribution.
Shareholders with automatic reinvestment will receive their distribution in the form of additional shares at the closing prices on December 11, 2012, while others will receive their distribution by check. The distributions do not affect the fund’s total return.
|Fund||Income dividend per share||Short-term capital gains per share||Long-term capital gains per share||Total per share|
|Global Resources Fund (PSPFX)||$0.216||$0.000||$0.000||$0.216|
|Global Resources Fund Institutional Class (PIPFX)||$0.345||$0.000||$0.000||$0.345|
|Gold and Precious Metals Fund (USERX)||$0.018||$0.000||$0.000||$0.018|
|Global MegaTrends Fund (MEGAX)||$0.035||$0.000||$0.000||$0.035|
|Global MegaTrends Fund Institutional Class (MEGIX)||$0.211||$0.000||$0.000||$0.211|
|Holmes Growth Fund (ACBGX)||$0.000||$0.000||$0.303||$0.303|
|Eastern European Fund (EUROX)||$0.060||$0.000||$0.000||$0.060|
|China Region Fund (USCOX)||$0.017||$0.000||$0.000||$0.017|
Income dividend per share amounts for the Global Resources Fund (PSPFX and PIPFX) were affected by federal tax laws that classify certain passive income for international companies (PFIC) as ordinary income for shareholders. The fund targets promising junior exploration and development opportunities in both the energy and gold mining sectors, which increases the exposure to some of these tax rules.
Fund distributions are not directly correlated with short-term fund performance. This information is not intended as tax advice. Investors should consult a tax advisor with questions regarding their individual tax liability.
About U.S. Global Investors, Inc.
U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser that focuses on profitable niche markets around the world. Headquartered in San Antonio, Texas, the company provides advisory, transfer agency and other services to U.S. Global Investors Funds and other clients.
With an average of $1.66 billion in assets under management in the quarter ended September 30, 2012, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets.
Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage, Inc.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk.
Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in these sectors.
Because the Global Resources Fund concentrates its investments in a specific industry, the fund may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries.
By investing in a specific geographic region, a regional fund’s returns and share price may be more volatile than those of a less concentrated portfolio. The Eastern European Fund invests more than 25% of its investments in companies principally engaged in the oil & gas or banking industries. The risk of concentrating investments in this group of industries will make the fund more susceptible to risk in these industries than funds which do not concentrate their investments in an industry and may make the fund’s performance more volatile.