http://www.usfunds.com/about-us/us-global-story/press-releases/ Press Release feed for U.S. Global Investors, Inc. (NASDAQ: GROW) 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.en-us Mon, 01 Jan 1900 06:00:00 GMTThu, 11 Mar 2010 16:56:40 GMT http://www.usfunds.com/about-us/us-global-story/press-releases/?i=2513SAN ANTONIO—March 11, 2010—U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique registered investment advisor specializing in natural resources and emerging markets, will continue its payment of monthly dividends in the second calendar quarter of 2010. The company’s board of directors approved payment of the 2-cents-per-share monthly dividend for the second quarter of 2010. The record date for the April 2010 dividend is end of business on April 12 and the payment date will be April 26. For May, the record date is May 10 and the payment date is May 24, and for June, the record date is June 14 and the payment date is June 28. The continuation of future cash dividends will be determined by U.S. Global’s board of directors, at its sole discretion, after review of the company's financial performance and other factors, and is dependent on earnings, operations, capital requirements, general financial condition of the company and general business conditions.  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 offers financial solutions and provides transfer agency and other services to U.S. Global Investors Funds and other clients. U.S. Global Investors routinely posts corporate filings and other important information on the company’s website, www.usfunds.com.Thu, 11 Mar 2010 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases/?i=2456SAN ANTONIO–March 2, 2010–U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisory firm specializing in natural resources and emerging markets, today announced the creation of an institutional share class for three no-load mutual funds managed by the company. The shares became available on March 1 for institutional investors in the World Precious Minerals Fund, which invests primarily in junior and mid-tier gold and precious metals exploration companies; the Global Resources Fund, which invests in natural resources equities; and the Global MegaTrends Fund, whose strategy is to invest in equities benefiting from the dramatic increase in infrastructure development around the world. The World Precious Minerals Fund was first in total return among all U.S. gold-oriented mutual funds and exchange-traded funds for the year ended December 31, 2009. The fund was ranked #1 of 71, #34 of 51 and #18 of 29 among gold-oriented funds by Lipper for the 1-, 5- and 10-year periods ended December 31, 2009. The top ranking for 2009 is the latest achievement for the World Precious Minerals Fund, which won Lipper Fund Awards in 2006, 2007 and 2008 for its consistent return compared to peers. The fund was also 2006’s top-ranked gold fund in total return, according to Lipper. The Global Resources Fund won Lipper Fund Awards for consistent return in the four straight years from 2005 to 2008. It was also among the top 4 percent of all U.S. mutual funds in total return in each of the latest 1-, 5- and 10-year performance periods. The Global Resources Fund was ranked #281 of 7,475 (top 4 percent), #161 of 5,289 (top 4 percent) and #26 of 3,924 (top 1 percent) among all domestic mutual funds by Lipper for the 1-, 5- and 10-year periods ended December 31, 2009. U.S. Global Investors was among the first U.S. asset managers to recognize global infrastructure as an investment opportunity, and in 2007, the company focused the Global MegaTrends Fund on this opportunity. This theme is at the intersection of U.S. Global’s investment specialization in natural resources and emerging markets committed to building out their infrastructure to support their rapid economic growth. “We were early in identifying the supercycle for natural resources that’s being driven by the global infrastructure boom, primarily in emerging markets,” says Frank Holmes, CEO and Chief Investment Officer for U.S. Global Investors. “Powerful urbanization and globalization trends are increasing the demand for natural resources. There has been explosive growth of middle-class households in China, India, Brazil and elsewhere who want better housing and access to goods and services long taken for granted in the developed world. Their rising wealth is also being seen in rising demand for gold, both as a luxury item and as a store of wealth. “We use a matrix of top-down and bottom-up models for stock selection, and we believe government policies are a key precursor for change – for that reason, we keep track of the fiscal and monetary policies of the largest developed and developing markets,” Mr. Holmes says. “We have been publishing on global growth themes for years and have won many awards for our educational communication, which includes our Weekly Investor Alert, our investment blog and our quarterly magazine. “We also communicate directly to institutional investors each week through our Advisor Alert. Institutions are embracing natural resources and precious metals as an important part of a diversified portfolio, and they are expressing more interest in our award-winning investment strategies,” Mr. Holmes says. “Pension plans, endowments, foundations and other institutional clients value that we are unique, and it was important for us to recognize that they have unique business needs. In bringing out the institutional share class, we are being responsive to those needs.” The ticker for the institutional share class of the Global Resources Fund is PIPFX, the World Precious Minerals Fund is UNWIX and the Global MegaTrends Fund is MEGIX. The minimum investment in this share class is $5 million. For more information about the new institutional shares of the Global Resources Fund, the World Precious Minerals Fund or the Global MegaTrends Fund, please contact Michael Dunn, Director of Institutional Services, at 210-308-1287 or mdunn@usfunds.com. 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 $2.7 billion in assets under management in the quarter ended December 31, 2009, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets. U.S. Global Investors routinely posts corporate filings and other important information on the company’s website, www.usfunds.com. 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. 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. 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. The Lipper Fund Award selection process began with Lipper calculating a Consistent Return score for each fund over various time periods. Consistent Return is a quantitative metric that incorporates two characteristics: risk-adjusted return, and the strength of the fund's performance trend. The top-scoring Consistent Return fund within each classification received the awards.  Past performance does not guarantee future results.Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Users acknowledge that they have not relied upon any warranty, condition, guarantee, or representation made by Lipper. Any use of the data for analyzing, managing, or trading financial instruments is at the user's own risk. This is not an offer to buy or sell securities.Tue, 02 Mar 2010 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases/?i=2301Fourth consecutive quarter of revenue and earnings growth Per-share income $0.10, up from $0.11 loss in same period in FY09 SAN ANTONIO–February 4, 2010–U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisory firm specializing in natural resources and emerging markets, today reported results for the quarter ended December 31, 2009. In the second quarter of fiscal 2010, U.S. Global recorded net income of $1.5 million, or 10 cents per diluted share, on revenue of $9.0 million. This compares to a net loss of $1.7 million, or 11 cents per diluted share, on revenue of $2.8 million a year earlier. Revenue and earnings in the second quarter of fiscal year 2009 (ended December 31, 2008) were adversely affected by realized and unrealized losses on corporate investments totaling $3.0 million on a pre-tax basis as a result of volatile global markets. Sequentially, the latest quarter improves on the earnings of $1.4 million, or 9 cents per diluted share, on revenue of $8.0 million in the first quarter of fiscal year 2010. U.S. Global’s revenue and earnings have now increased for four consecutive quarters. The company has scheduled a webcast for 10 a.m. Central time on Friday, February 5, 2010, to discuss the company's key financial results for the quarter. Frank Holmes, CEO and Chief Investment Officer, will be accompanied on the webcast by Susan McGee, President and General Counsel, and Catherine Rademacher, Chief Financial Officer. “A year ago, many were doubting the strength of emerging markets and whether they would be able to lead the recovery,” Mr. Holmes says. “There were questions about China’s economic potential in 2009, but the government there proved its commitment to focused infrastructure spending, social stability and job creation. Chinese banks loaned more than $1 trillion last year, for example, and half of that amount went to infrastructure projects and the industrial sector, which created jobs. “In my global travels to emerging markets in 2009, I witnessed more positive media sentiment and hope among citizens there than in the U.S. or Europe,” Mr. Holmes says. “It appears that where government policies are focused on job creation, there is more confidence in the political leadership. This focus on jobs above all else is the main reason the big emerging nations are leading the recovery and the main reason why we see so much opportunity in those markets. “We are also pleased that last year a number of our funds outperformed the exchange-traded funds for their respective sectors in 2009 – most notably our gold funds, which outperformed by a wide margin,” Mr. Holmes says. “This shows the value that effective active fund managers can provide for their shareholders.” For the first half of fiscal year 2010, U.S. Global recorded net income of $2.9 million, or 19 cents per diluted share, on revenue of $17.1 million. This compares to a net loss of $3.5 million, or 23 cents per diluted share, on revenue of $11.7 million a year earlier. Assets under management for SEC-registered funds and other clients stood at $2.7 billion as of December 31, 2009. Total assets under management during the latest quarter averaged $2.7 billion. Selected financial data (unaudited) for the three months ended December 31   2009 2008 Revenue $9,028,605 $2,825,956 Expenses $6,719,552 $5,318,774 Tax (benefit) expense $801,001 $(809,658) Net income (loss) $1,508,052 $(1,683,160) Earnings (loss) per share (basic) $0.10 $(0.11)  Earnings (loss) per share (diluted) $0.10 $(0.11)  Avg. common shares outstanding (basic) 15,336,967 15,264,634 Avg. common shares outstanding (diluted) 15,340,847 15,285,459 Avg. assets under management $2.66 billion $2.12 billion   Selected financial data (unaudited) for the three months ended December 31   2009 2008 Revenue $17,057,490 $11,673,501 Expenses $12,370,798 $16,895,159 Tax (benefit) expense $1,782,133 $(1,693,349) Net income (loss) $2,904,559 $(3,528,309) Earnings (loss) per share (basic) $0.19 $(0.23) Earnings (loss) per share (diluted) $0.19 $(0.23) Avg. common shares outstanding (basic) 15,324,269 15,261,582 Avg. common shares outstanding (diluted) 15,327,924 15,285,343 Avg. assets under management $2.51 billion $3.11 billion 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 $2.7 billion in assets under management in the quarter ended December 31, 2009, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets. U.S. Global Investors routinely posts corporate filings and other important information on the company’s website, www.usfunds.com. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. ...Thu, 04 Feb 2010 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases/?i=2233 SAN ANTONIO—January 29, 2010—U.S. Global Investors, Inc. (NASDAQ: GROW) will host a webcast on Friday, February 5, 2010, at 10 a.m. Central time to discuss the company’s earnings for the quarter ended December 31, 2009.   Financial data for the quarter will be released prior to the webcast.   Frank Holmes, CEO and chief investment officer; Susan McGee, president and general counsel; and Catherine Rademacher, chief financial officer, will participate in the webcast.   Registration for the earnings webcast is available at http://webcast.streamlogics.com/audience/index.asp?eventid=12357729.    About U.S. Global Investors, Inc. U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser specializing in natural resources, emerging markets and global infrastructure. Headquartered in San Antonio, Texas, the company provides advisory, transfer agency and other services to U.S. Global Investors Funds and other clients.Fri, 29 Jan 2010 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases/?i=2108Company-managed funds at or near the top in latest WSJ rankings SAN ANTONIO—January 12, 2010—Four mutual funds managed by U.S. Global Investors, Inc. (Nasdaq: GROW) are among the top-performing mutual funds for various time periods going back as far as 10 years, according to rankings published in the Wall Street Journal based on total-return data from Lipper Inc. U.S. Global Investors, a boutique investment advisory company, specializes in natural resources, emerging markets and global infrastructure. The World Precious Minerals Fund (UNWPX) was first in total return among all U.S. gold-oriented mutual funds and exchange-traded funds for the year ended December 31, 2009. The fund was ranked #1 of 71, #34 of 51 and #18 of 29 among gold-oriented funds by Lipper for the 1-, 5- and 10-year periods ended December 31, 2009. The top ranking for 2009 is the latest achievement for the World Precious Minerals Fund, which won Lipper Fund Awards in 2006, 2007 and 2008 for its consistent return compared to peers. The fund was also 2006’s top-ranked gold fund in total return, according to Lipper. “Gold was one of the best-performing sectors in 2009 with the average fund gaining more than 50 percent, so by again having the top-ranked fund in the sector, we are happy to have delivered for our loyal shareholders,” says Frank Holmes, U.S. Global’s CEO and chief investment officer. “Our approach to active fund management has allowed us to outperform the gold and gold-equity ETFs in the marketplace,” says Mr. Holmes. “We believe that active management will become even more valuable in this sector as money is herded into ETFs, where stock-picking is a less important part of the investment process.” The Gold and Precious Metals Fund (USERX) and the World Precious Minerals Fund both outperformed 99 percent of all U.S. mutual funds and ETFs for the five years and 10 years ended December 31, 2009. The Gold and Precious Metals Fund was ranked #1,136 of 7,475 (top 16 percent), #19 of 5,289 (top 1 percent) and #16 of 3,924 (top 1 percent) among all domestic mutual funds by Lipper for the 1-, 5- and 10-year periods ended December 31, 2009. The World Precious Minerals Fund was ranked #88 of 7,475 (top 2 percent), #37 of 5,289 (top 1 percent) and #20 of 3,924 (top 1 percent) among all domestic mutual funds by Lipper for the 1-, 5- and 10-year periods ended December 31, 2009. The Gold and Precious Metals Fund, the World Precious Minerals Fund, the Global Resources Fund (PSPFX) and the Eastern European Fund (EUROX) all outperformed 99 percent of all U.S. mutual funds and ETFs for the 10 years ended December 31, 2009. The Global Resources Fund had previously won Lipper Fund Awards for consistent return in the four straight years from 2005 to 2008. The Global Resources Fund was ranked was ranked #281 of 7,475 (top 4 percent), #161 of 5,289 (top 4 percent) and #26 of 3,924 (top 1 percent) among all domestic mutual funds by Lipper for the 1-, 5- and 10-year periods ended December 31, 2009. The Eastern European Fund was ranked #167 of 7,475 (top 3 percent), #362 of 5,289 (top 7 percent) and #33 of 3,924 (top 1 percent) among all domestic mutual funds by Lipper for the 1-, 5- and 10-year periods ended December 31, 2009. “The supercycle in natural resources was delayed in 2008 but it was not destroyed, as we saw last year,” says Mr. Holmes. “Urbanization, globalization and the related infrastructure build-out requires natural resources, and the leadership in this theme is coming from the emerging countries. This is where we are focused and where we are getting consistently good results for our shareholders. Going forward, we expect to see the global supercycle continue, though with considerable performance rotation and volatility among the commodities because of supply-and-demand factors and fluctuations in the U.S. dollar.” About U.S. Global Investors, Inc. U.S. Global Investors, Inc. (www.usfunds.com) is an SEC- registered investment adviser specializing in natural resources, emerging markets and global infrastructure. 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 $2.4 billion in assets under management in the quarter ended September 30, 2009, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets. In general, trends in assets under management are the critical drivers of revenue and earnings. U.S. Global Investors routinely posts corporate filings and other important information on the company’s website, www.usfunds.com. Lipper ratings for Total Return reflect funds’ historical total return performance relative to peers as of December 31, 2009.  Past performance does not guarantee future results. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. # # # # #Tue, 12 Jan 2010 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases/?i=1910SAN ANTONIO—December 11, 2009—U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique investment adviser specializing in natural resources and emerging markets, announces that four of the mutual funds it manages will pay 2009 income dividend distributions. The record date was December 10, 2009, and the ex-dividend and payable date is December 11, 2009. 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, 2009, while others will receive their distribution by check. The distributions do not affect the fund’s total return. The following is a list of the dividends by fund. No capital gains distributions will be paid. Fund Income dividend per share Short-term capital gains per share Long-term capital gains per share Total per share World Precious Minerals (UNWPX) 0.672 0.000 0.000 0.672 Gold and Precious Metals (USERX) 0.039 0.000 0.000 0.039 Global MegaTrends (MEGAX) 0.023 0.000 0.000 0.023 All American Equity (GBTFX) 0.110 0.000 0.000 0.110 “We and our accountants have worked hard to make the distributions as small as possible and in as few funds as possible in order to be tax-efficient, and in that effort we had good success,” says Frank Holmes, U.S. Global’s CEO and chief investment officer. “In the case of our gold funds, that sector had a very strong year in terms of generating returns for investors,” Mr. Holmes says. “For World Precious Minerals in particular, income dividend per share was also impacted by federal tax laws that classify certain passive income for international junior mining companies as ordinary income for shareholders. The fund targets promising junior miners in pre-production stages of development, so some exposure to the tax rules is unavoidable.” To learn more about the U.S. Global Investors family of funds, including fund performance and other important information, please visit www.usfunds.com. About U.S. Global Investors, Inc. U.S. Global Investors, Inc. (www.usfunds.com) is an SEC- 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 $2.4 billion in assets under management in the quarter ended September 30, 2009, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets. In general, trends in assets under management are the critical drivers of revenue and earnings. U.S. Global Investors routinely posts corporate filings and other important information on the company’s website, www.usfunds.com. Please consider carefully the 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.Fri, 11 Dec 2009 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases/?i=1895SAN ANTONIO—December 8, 2009—U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique registered investment advisor specializing in natural resources and emerging markets, will continue its monthly dividend program into 2010. The company’s board of directors approved payment of the 2-cents-per-share monthly dividend for the first three months of 2010. The record date for the January 2010 dividend is end of business on January 13 and the payment date will be January 27. For February, the record date is February 10 and the payment date is February 24, and for March, the record date is March 10 and the payment date is March 24. 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 $2.4 billion in assets under management in the quarter ended September 30, 2009, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets. In general, trends in assets under management are the critical drivers of revenue and earnings.Tue, 08 Dec 2009 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases/?i=1881SAN ANTONIO—November 25, 2009—U.S. Global Investors (Nasdaq: GROW), a registered investment adviser specializing in natural resources and emerging markets, has posted its 10-K filing for fiscal year 2009 on the company’s website. The 10-K, which covers the fiscal year that ended June 30, 2009, has been filed with the Securities and Exchange Commission. The 10-K is available on the usfunds.com Investor Relations page. Shareholders may receive a hard copy free of charge upon request. 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 offers financial solutions and provides advisory, transfer agency and other services to U.S. Global Investors Funds and other clients. U.S. Global Investors routinely posts corporate filings and other important information on the company’s website, www.usfunds.com. #####Wed, 25 Nov 2009 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases/?i=1880Per-share Income $0.09, Up From $0.12 Loss In Same Period In 2008 Year-over-year Reversal and Third Straight Quarter of Sequential Earnings Growth SAN ANTONIO—November 5, 2009—U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisory firm specializing in natural resources and emerging markets, today reported results for the quarter ended September 30, 2009. In the first quarter of fiscal 2010, U.S. Global recorded net income of $1.4 million, or 9 cents per diluted share, on revenue of $8.0 million. This compares to a net loss of $1.85 million, or 12 cents per diluted share, on revenue of $8.85 million in the first quarter of fiscal year 2009. The year-over-year earnings reversal of 21 cents per share was due in part to one-time expenses for fund restructuring in the first quarter of fiscal year 2009 and the global credit contraction in late 2008 that impacted all asset classes. Sequentially, the latest quarter improves on the earnings of $1.0 million, or 6 cents per diluted share, on revenue of $6.5 million in the fourth quarter of fiscal year 2009. The company has scheduled a webcast for 10 a.m. Central time on Friday, November 6, 2009, to discuss the company’s key financial results for the quarter. Frank Holmes, CEO and chief investment officer, will be accompanied on the webcast by Susan McGee, president and general counsel, and Catherine Rademacher, chief financial officer. “After the difficulties in the second half of 2008, caused by an overleveraged financial industry, residential real estate collapse and other factors, our operational revenue and our earnings have grown for three straight quarters,” says Mr. Holmes. “In the latest quarter, expenses were less than half what they were in the first quarter of fiscal year 2009. Our expenses are lower in each major category, and this also contributed to the higher earnings in the period. “Our assets under management at the end of the quarter were lower than where they were a year earlier, but the collective AUM in our natural resources and emerging markets funds was up more than 60 percent from where it stood at the bottom of the market in March,” Mr. Holmes continues. “We believe the long-term global economic recovery is on track, and we have positioned ourselves to benefit from that trend because we expect the fastest growth rates to continue to be in emerging markets and they need resources as they build out their economies. “The earnings improvement in the latest quarter helps us meet our standards of care for our shareholders by, among other things, allowing us to add more depth to our investment team,” Mr. Holmes says. “As a company, our cash position remains strong, we continue to have no corporate debt and our flexible expense structure allows us to respond quickly to changing market conditions.” Assets under management for SEC-registered funds and other clients stood at about $2.5 billion as of September 30, 2009. Total assets under management during the latest quarter averaged $2.4 billion. Selected financial data (unaudited) for the three months ended September 30   2009 2008 Revenue $8,028,885 $8,847,545 Expenses $5,651,246 $11,576,385 Tax (benefit) expense $981,132 $(883,691) Net income (loss) $1,396,507 $(1,845,149) Earnings (loss) per share (basic) $0.09 $(0.12) Earnings (loss) per share (diluted) $0.09 $(0.12) Avg. common shares outstanding (basic) 15,311,570 15,258,530 Avg. common shares outstanding (diluted) 15,318,726 15,285,155 Avg. assets under management $2.36 billion $4.47 billion 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 $2.4 billion in assets under management in the quarter ended September 30, 2009, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets. In general, trends in assets under management are the critical drivers of revenue and earnings. U.S. Global Investors routinely posts corporate filings and other important information on the company’s website, www.usfunds.com. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. #####Thu, 05 Nov 2009 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases/?i=1879SAN ANTONIO—October 30, 2009—U.S. Global Investors, Inc. (NASDAQ: GROW) will host a webcast on Friday, November 6, 2009, at 10 a.m. Central time to discuss the company’s earnings for the quarter ended September 30, 2009. Financial data for the quarter will be released prior to the webcast. Frank Holmes, CEO and chief investment officer; Susan McGee, president and general counsel; and Catherine Rademacher, chief financial officer, will participate in the webcast. Registration for the earnings webcast is available at www.usfunds.com. 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. # # # # #Fri, 30 Oct 2009 05:00:00 GMTReleases