http://www.usfunds.com/about-us/us-global-story/press-releases-1/ Press releases posted by U.S. Global Investors.en-us Mon, 01 Jan 1900 06:00:00 GMTTue, 08 Dec 2009 21:01:12 GMT http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=1791SAN 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-1/?i=1600Per-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-1/?i=1522SAN 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 http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=1505U.S. Global Investors was recently recognized for excellence in investor communications and education with six STAR Awards from the Mutual Fund Education Alliance (MFEA). U.S. Global’s weekly analysis of global markets—the Investor Alert—won the award for top eNewsletter for retail communication. Its sister publication—the Advisor Alert—took the top spot for eNewsletters geared toward financial advisors. For the third-straight year, the Shareholder Report won the award for best printed shareholder magazine. Mailed quarterly to each fund shareholder, the Shareholder Report highlights trends and stories in key areas around the world. The Commodities and the Mean Reversion Principle, which highlights the rotation of performance for a basket of commodities, won the STAR Award in the Wild Card category for investors. In addition, U.S. Global won STAR Awards for best online marketing campaign for “What’s Driving Gold?” and best advisor Web site. The MFEA is a national industry association committed to investor education and dedicated to helping investors understand mutual funds. In its 13th year, the MFEA STAR Awards program is the only competition where mutual fund companies compete for honors in communications. The judging in the competition is by industry peers. The STAR Awards were presented last week in Chicago in conjunction with the MFEA’s annual Executive Council Forums. U.S. Global competed in the small-sized fund category which includes mutual fund firms with less than $5 billion in assets under management.Wed, 28 Oct 2009 05:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=1293Welcome to the new usfunds.com You may have noticed our new look. We’ve been paying attention to your suggestions and made some changes to help you find what you’re looking for. Roll your mouse over the outlined sections to learn more about our new features. We hope you like the new website. Take time to explore and please send your feedback and questions to webmaster@usfunds.com  Tue, 29 Sep 2009 05:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=1060U.S. Global Investors, Inc. Agrees to Voluntarily Limit Fund Expenses Effective October 1, 2009, U.S. Global Investors, Inc., as the investment adviser to the U.S. Global Investors Funds, has voluntarily agreed to limit each fund’s total annual operating expenses (exclusive of acquired fund fees and expenses, performance fees, taxes, brokerage commissions and interest) to not exceed the annual rates set forth in the table below.  U.S. Global Investors, Inc. can modify or terminate each of these arrangements at any time. All American Equity Fund 2.20% Holmes Growth Fund 2.20% Global MegaTrends Fund 2.35% Gold and Precious Metals Fund 1.90% World Precious Minerals Fund 1.90% Global Resources Fund 1.90% Eastern European Fund 2.85% Global Emerging Markets Fund 3.15% China Region Fund 2.55% Tax Free Fund 0.70% Near-Term Tax Free Fund 0.45% U.S. Government Securities Savings Fund 0.45% U.S. Treasury Securities Cash Fund 1.00% 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. An investment in a money market fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk.  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.  Gold funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The price of gold is 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 gold or gold stocks.  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.  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.  Tax-exempt income is federal income tax free. A portion of this income may be subject to state and local income taxes, and if applicable, may subject certain investors to the Alternative Minimum Tax as well.  Each tax free fund may invest up to 20% of its assets in securities that pay taxable interest.  Income or fund distributions attributable to capital gains are usually subject to both state and federal income taxes.  Bond funds are subject to interest-rate risk; their value declines as interest rates rise.Fri, 11 Sep 2009 05:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=1000SAN ANTONIO—September 10, 2009—U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique registered investment adviser specializing in natural resources and emerging markets, will continue its monthly dividend policy at least through the fourth calendar quarter of 2009. The Company’s board of directors approved payment of a 2-cents-per-share monthly dividend for all classes of common stock during the three-month period. The record date for the October dividend is end of business on October 13 and the payment date is October 26. For November, the record date is November 9 and the payment date is November 23, and for December, the record date is December 14 and the payment date is December 28. Payment of cash dividends is within the discretion of the Company’s board of directors and is dependent on earnings, operations, capital requirements, general financial condition of the Company, and general business conditions. The dividend policy is reviewed by the board on a quarterly basis. 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, 10 Sep 2009 05:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=1001SAN ANTONIO—September 10, 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 and fiscal year ended June 30, 2009. The company has scheduled a webcast for 10 a.m. Central time on Friday, September 11, 2009, to discuss the company's key financial results for the quarter. Frank Holmes, chief executive officer and chief investment officer, will be accompanied on the webcast by Susan McGee, president and general counsel, and Catherine Rademacher, chief financial officer. In the fourth quarter of fiscal 2009, U.S. Global recorded net income of $1.0 million, or 6 cents per diluted share, on revenue of $6.5 million. This compares to net income of $0.3 million, or 2 cents per diluted share, on revenue of $5.0 million in the quarter ended March 31, 2009, and net income of $3.8 million, or 25 cents per diluted share, on revenue of $17.0 million in the quarter ended June 30, 2008. “Our fiscal year 2009 can be divided into two parts—nine months of global liquidation due to the banking crisis that accelerated a worldwide recession, followed by three months of healthy rebound in emerging markets and natural resources,” says Mr. Holmes. “Most important is the sequential quarterly rebound in assets that had a positive impact on our earnings from operations and corporate investments. In our final quarter of the fiscal year, revenue was up 30 percent from the third quarter and our net income nearly tripled. “After such a massive global liquidation and its accompanying damage, it will take time to see asset levels return to where they were a year ago,” Mr. Holmes continues. “That said, emerging markets and natural resources should reflect stronger growth compared to other sectors due to government policies in emerging economies and their higher GDP growth rates. Most consumers in emerging economies are not saddled with the same debt burdens that are proving so difficult for people in developed nations—emerging markets still largely operate on a cash-to-play basis rather than a credit-to play basis. “U.S. Global has survived one of the greatest credit crises of the past century in better shape than many other financial companies,” Mr. Holmes says. “Our balance sheets remain healthy with cash and investments, and we have no corporate debt. In addition, much of our compensation is aligned with asset levels and performance, so our cost structure is elastic.” For fiscal year 2009, U.S. Global reported a net loss of $2.2 million, or 15 cents per share, on revenue of $23.1 million. This compares to net income of $10.8 million, or 71 cents per diluted share, on revenue of $56.0 million in fiscal year 2008. The net loss in the fiscal year included one-time expenses of $3.5 million related to a fund shareholder election to, among other things, merge the company’s two investment trusts, update the fee structure of several funds, add performance fees to the equity funds, and expand a fund distribution plan. Selected financial data (unaudited) for the three months ended   6-30-09 3-31-09 6-30-08 Revenue $6,473,973 $4,992,797 $16,958,909 Net income $962,923 $327,809 $3,840,713 Earnings per share (basic) $0.06  $0.02 $0.25 Earnings per share (diluted) $0.06 $0.02 $0.25 Avg. common shares outstanding (basic) 15,290,065 15,275,056 15,252,674 Avg. common shares outstanding (diluted) 15,311,361 15,295,296 15,280,062 Avg. assets under management $2.15 billion $1.90 billion $5.60 billion   Selected financial data (unaudited) for fiscal year   2009  2008 Revenue $23,140,269 $56,039,247 Net income (loss)  $(2,237,579) $10,836,810 Earnings (loss) per share (basic) $(0.15) $0.71 Earnings per share (diluted) $(0.15) $0.71  Avg. common shares outstanding (basic) 15,275,962 15,246,710 Avg. common shares outstanding (diluted) 15,297,561 15,275,441 Avg. assets under management $2.53 billion $5.44 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 $2.5 billion in assets under management for the year ended June 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, 10 Sep 2009 05:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=999SAN ANTONIO—September 4, 2009—U.S. Global Investors, Inc. (NASDAQ: GROW) will host a webcast on Friday, September 11, 2009, at 10 a.m. Central time to discuss the company’s earnings for the quarter and fiscal year ended June 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, 04 Sep 2009 05:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=811SAN ANTONIO—June 5, 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 policy into the second half of 2009. The Company’s board of directors voted to approve payment of a 2-cents-per-share monthly dividend for all classes of common stock for the third calendar quarter of 2009. The record date for the July dividend is end of business on July 13 and the payment date will be July 27. For August, the record date is August 10 and the payment date is August 24, and for September, the record date is September 14 and the payment date is September 28. Payment of cash dividends is within the discretion of the Company’s board of directors and is dependent on earnings, operations, capital requirements, general financial condition of the Company and general business conditions. Under current policy, the dividend’s continuation is reviewed by the board quarterly. 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. # # # # #Fri, 05 Jun 2009 05:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=812SAN ANTONIO–May 8, 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 March 31, 2009. The company has scheduled a webcast for 10 a.m. Central time on Friday, May 8, 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. In the third quarter of fiscal 2009, U.S. Global recorded net income of $327,809, or 2 cents per diluted share, on revenue of $4.99 million. This compares to a net loss of $1.68 million, or 11 cents per diluted share, on revenue of $2.83 million in the quarter ended December 31, 2008, and net income of $2.12 million, or 14 cents per diluted share, on revenue of $12.27 million in the quarter ended March 31, 2008. “The past quarter was challenging for all money managers due to market volatility and massive forced liquidations by hedge funds, which has hurt all asset classes,” says Mr. Holmes. “However, we believe the worst is behind us. Most importantly, we did not have layoffs, as many of our peers have. This is important because our culture remains intact, which will help our performance when natural resources and emerging markets rebound. We have shaved costs and generated a modest profit as our policy became to `squeeze pennies until Lincoln screams’. “Our mutual funds also faced a challenging quarter, though there was an upturn in performance in March that has continued into the current quarter,” Mr. Holmes continues. “Several of the U.S. Global Investors equity funds have solid positive returns so far in 2009, and all but one of our nine equity funds have outperformed the S&P 500 over the same period.” Management fees, U.S. Global’s primary revenue source, were adversely affected in the quarter by a decline in assets under management due to the dramatic downturn in the global economy.  The lower AUM can be attributed mostly to a decline in market values. Assets under management for SEC-registered funds and other clients stood at $1.93 billion as of March 31, 2009. Total assets under management during the latest quarter averaged $1.90 billion. Selected financial data (unaudited) for the three months ended March 31   2009 2008 Revenue $4,992,797 $12,265,408 Expenses $4,628,270 $9,130,533 Tax expense $36,718  $1,012,213 Net income (loss) $327,809  $2,122,662 Earnings per share (basic) $0.02 $0.14 Earnings (loss) per share (diluted) $0.02 $0.14 Avg. common shares outstanding (basic) 15,275,056 15,247,780 Avg. common shares outstanding (diluted) 15,295,296 15,275,900 Avg. assets under management $1.90 billion $5.50 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 offers financial solutions and provides transfer agency and other services to U.S. Global Investors Funds and other clients. With an average of $1.90 billion in assets under management for the quarter ended March 31, 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. 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. The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.  # # # # #Fri, 08 May 2009 05:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=813SAN ANTONIO—May 1, 2009—U.S. Global Investors, Inc. (NASDAQ: GROW) will host a webcast on Friday, May 8, 2009, at 10 a.m. Central time to discuss the company’s earnings for the quarter ended March 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 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 offers financial solutions and provides transfer agency and other services to U.S. Global Investors Funds and other clients. # # # # #Fri, 01 May 2009 05:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=814SAN ANTONIO—February 25, 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 policy at least through the second calendar quarter of 2009. The Company’s board of directors approved payment of a 2-cents-per-share monthly dividend for all classes of common stock during the three-month period. The record date for the April dividend is end of business on April 13 and the payment date will be April 27. For May, the record date is May 11 and the payment date is May 26, and for June, the record date is June 15 and the payment date is June 29. Payment of cash dividends is within the discretion of the Company’s board of directors and is dependent on earnings, operations, capital requirements, general financial condition of the Company, and general business conditions. The dividend policy will be reviewed by the board on a quarterly basis. 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. # # # # #Wed, 25 Feb 2009 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=815SAN ANTONIO–February 6, 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 December 31, 2008. The company has scheduled a webcast for 3:30 p.m. Central time on Friday, February 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. In the second quarter of fiscal 2009, U.S. Global recorded a net loss of $1.68 million, or 11 cents per diluted share, on revenue of $2.83 million. This compares to net income of $2.46 million, or 16 cents per diluted share, on revenue of $13.86 million in the corresponding quarter in fiscal year 2008. The company’s revenue, net income and earnings per share in the latest quarter were significantly impacted by realized and unrealized losses on corporate investments totaling $3.05 million, or 20 cents per share, on a pre-tax basis. “Our corporate investments lost much of their value in the turbulent markets of 2008, and the writedowns were taken according to accounting rules,” says Mr. Holmes. “These investments are long-term, liquid securities, as opposed to the writedowns of credit derivatives taken by many banks, brokerages and other investment managers as a result of the year-old accounting rule known as FAS 157, which I believe may be amplifying the problems that we’ve been seeing in financial markets. “The potential for further writedowns of our corporate investments is limited, and it’s also important to share with you that, unlike many of our asset manager peers, U.S. Global Investors has no corporate debt on our balance sheets,” Mr. Holmes continues. “In the current liquidity squeeze, being debt-free is a tremendous asset for us going forward. Historically it’s taken around nine months for major money-supply increases to take hold, so markets in the second half of 2009 have a good probability of being much stronger than they are today.” Management fees, U.S. Global’s primary revenue source, were adversely affected in the quarter by a decline in assets under management due to the dramatic downturn in the global economy that exerted a significant impact on the natural resources and emerging markets sectors. The lower AUM can be attributed mostly to a decline in market values, with only about 14 percent of the impact coming from fund redemptions. Assets under management for SEC-registered funds and other clients stood at $1.98 billion as of December 31, 2008. Total assets under management during the latest quarter averaged $2.12 billion. Selected financial data (unaudited) for the three months ended December 31   2008 2007 Revenue $2,825,956 $13,864,158 Expenses $5,318,774 $10,158,057 Tax (benefit) expense $(809,658) $1,241,498 Net income (loss)  $(1,683,160)  $2,464,603 Earnings (loss) per share (basic) $(0.11) $0.16 Earnings (loss) per share (diluted)  $(0.11) $0.16 Avg. common shares outstanding (basic)  15,264,634 15,244,563 Avg. common shares outstanding (diluted) 15,285,459 15,273,666 Avg. assets under management $2.12 billion $5.63 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 $2.12 billion in assets under management for the quarter ended December 31, 2008, 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. 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.  # # # # #Fri, 06 Feb 2009 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=816SAN ANTONIO—January 30, 2009—U.S. Global Investors, Inc. (NASDAQ: GROW) will host a webcast on Friday, February 6, 2009, at 3:30 p.m. Central time to discuss the company’s earnings for the quarter ended December 31, 2008. 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 Jan 2009 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=817Portfolio team for Global MegaTrends infrastructure mutual fund will discuss opportunities during January 26 webcast SAN ANTONIO—January 8, 2009—U.S. Global Investors, Inc. (Nasdaq: GROW), manager of the Global MegaTrends infrastructure mutual fund (MEGAX), will host a webcast this month to discuss the equity opportunities arising from President-elect Obama’s plans for domestic infrastructure development. The webcast, scheduled for January 26, 2009, at 12 noon Eastern, will feature the portfolio team for the Global MegaTrends infrastructure fund. The Global MegaTrends Fund was one of the first U.S. mutual funds to recognize infrastructure as a distinct investment theme. “The scale of this opportunity is massive. The American Society of Civil Engineers says it would take $1.6 trillion in the next five years to fix the nation’s aging and inadequate roads, bridges, water systems and other infrastructure,” says Frank Holmes, U.S. Global’s CEO and chief investment officer. “This number doesn’t even address the need for more infrastructure to keep up with future population growth, demographic shifts, rapid advances in technology or important goals of improving energy efficiency and environmental friendliness. “Even if President Obama allocates half of that $1.6 trillion for infrastructure projects, the potential gains are considerable for investors in engineering and construction firms, equipment makers, commodities producers and other public companies that stand to benefit,” Mr. Holmes says. “The Global MegaTrends infrastructure fund invests in these types of companies.” Infrastructure is also an international theme as emerging markets build new highway networks, aviation systems, seaports and the like. Because the Global MegaTrends infrastructure mutual fund has global reach, these opportunities will also be discussed in the webcast. “Infrastructure is at the intersection of emerging markets and natural resources, which are our specialties,” Mr. Holmes says. “Developing countries, in particular the BRICs (Brazil, Russia, India and China), have been growing at a very brisk pace, and we expect that to continue over the long term. In the course of our travel around the world, we continue to see how these and other countries are working to accommodate urbanization trends and rising standards of living.” To sign up for the January 26 infrastructure webcast, or to learn more about the Global MegaTrends infrastructure mutual fund, please visit 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 offers financial solutions and provides transfer agency and other services to U.S. Global Investors Funds and other clients. With $2.26 billion in assets under management as of October 31, 2008, U.S. Global Investors manages domestic and offshore funds offering investment options from emerging markets, to money markets, to an infrastructure mutual fund. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. 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. # # # # #Thu, 08 Jan 2009 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=818SAN ANTONIO—December 23, 2008—U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique registered investment advisor specializing in natural resources and emerging markets, will continue its monthly dividend policy into 2009. The Company’s board of directors voted to approve payment of a 2-cents-per-share monthly dividend for all classes of common stock for the first three months of 2009. The record date for the January 2009 dividend is end of business on January 12 and the payment date will be January 26. 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. Payment of cash dividends is within the discretion of the Company’s board of directors and is dependent on earnings, operations, capital requirements, general financial condition of the Company, and general business conditions and will be reviewed by the board quarterly. About U.S. Global Investors, Inc. U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment advisor 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. With $2.26 billion in assets under management as of October 31, 2008, U.S. Global Investors manages domestic and offshore funds offering investment options from emerging markets to money markets. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. #####Tue, 23 Dec 2008 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=819SAN ANTONIO—December 10, 2008—U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique investment advisor specializing in natural resources and emerging markets, will pay 2008 income dividends and/or capital gains distributions for six of its mutual funds. The record date was December 8, 2008, the ex-dividend date was December 9, 2008 and the payable date is December 10, 2008. Shareholders should be aware that the distributions of dividends and/or capital gains have reduced each fund’s net asset value 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 9, 2008, 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 and capital gains by fund: Fund Income dividend per share Short-term capital gains per share Long-term capital gains per share Total per share World Precious Minerals (UNWPX) 0.000 0.000 2.051 2.051 Global Resources (PSPFX) 0.000 0.143 1.173 1.316 Gold and Precious Metals (USERX) 0.000 0.319 0.408 0.727 Global Emerging Markets (GEMFX) 0.078 0.000 0.000 0.078 All American Equity (GBTFX) 0.007 0.000 0.000 0.007 Global MegaTrends (MEGAX) 0.007 0.000 0.000 0.007 “This year’s markets have been especially challenging for natural resources funds, and our gold and resources funds weren’t spared. Resources funds were among the strongest performers for several years, so substantial long-term gains built up. Then commodities went through their massive short-term correction this year when many highly leveraged hedge funds sold appreciated stocks to meet forced redemptions,” says Frank Holmes, CEO and chief investment officer at U.S. Global. “In our case, we and our accountants worked very hard to minimize the distributions and to be as tax-efficient as possible under the conditions. “This correction that we are seeing across all asset classes is a very rare event in its magnitude and its structure—research shows that only 2 percent of the time do a banking crisis and a currency crisis occur simultaneously,” Mr. Holmes says. “Looking at current markets, all asset classes are extremely oversold and the U.S. dollar is very overbought. The market intervention by central banks to rebuild the global financial system by chopping interest rates, increasing money supply and creating infrastructure spending projects are very constructive for long-term global growth, which could be beneficial for commodities and emerging markets.” 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 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, U.S. Global Accolade funds and other clients. With $2.26 billion in assets under management as of October 31, 2008, U.S. Global Investors manages domestic and offshore funds offering investment options from emerging markets to money markets. In general, trends in assets under management are the critical drivers of revenue and earnings. 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 funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The price of gold is 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 gold or gold stocks. 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. # # # # #Wed, 10 Dec 2008 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=820Costs of shareholder election to restructure fund trusts exerted negative impact on quarterly earnings SAN ANTONIO—November 7, 2008—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, 2008. The company has scheduled a webcast for 10 a.m. Central time on Friday, November 7, 2008, 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. U.S. Global has restructured the relationship with Charlemagne Capital Ltd. regarding the Eastern European Fund and Global Emerging Markets Fund. U.S. Global has assumed day-to-day management of the funds and thus will retain a greater share of the remuneration. “We have knowledge and experience in emerging markets gained through our management of funds that focus on China, global natural resources and global infrastructure,” says Mr. Holmes. “We will use that expertise in directly managing the Eastern European Fund and Global Emerging Markets Fund.” In addition, U.S. Global announced that it ended its investment advisory relationship with Endeavour Financial Corp. effective November 6, 2008. “Endeavour Financial has evolved with last year’s merger with Endeavour Mining Capital Corp. to create a merchant bank that can now manage its investments in the natural resources sector and, as a result, it no longer needs our expertise in this area. It has been a great experience working with this creative group,” says Mr. Holmes, who has also resigned his position as chairman of Endeavour Financial. In the first quarter of fiscal 2009, U.S. Global recorded a net loss of $1.85 million, or 12 cents per diluted share, on revenue of $8.85 million. This compares to net income of $2.41 million, or 16 cents per diluted share, on revenue of $12.95 million in the corresponding quarter in fiscal year 2008. The company had one-time expenses of $3.57 million related to a fund shareholder election to, among other things, merge the company’s two investment trusts, update the fee structure of several funds, add performance fees to the equity funds, and implement a distribution plan for the funds intended to grow the assets under management. All changes resulting from the fund shareholder election were effective October 1, 2008. Excluding the one-time expenses related to the fund shareholder election, U.S. Global earned $510,537, or 3 cents per diluted share, in the quarter ended September 30, 2008. “The expenses that we incurred to conduct the special shareholder election were substantial in the short term, but in the longer term, the items approved by fund shareholders stand to have a significant positive impact on U.S. Global’s revenue and profitability when assets rise from the current levels,” says Mr. Holmes. “Our fee structure is now better aligned with fund performance and our results-oriented investment culture. We also should be able to generate the cash flow to grow and modernize our operations, and to hire top-caliber intellectual capital. “Market volatility and the short-term uncertainty about an economic recovery has had a negative effect on our corporate investments this quarter,” Mr. Holmes says. “Markets were extremely challenging in the past quarter as the credit crisis worsened. We were among those affected by an indiscriminate selling spree by overleveraged investment banks, hedge funds and others that had to raise cash fast. U.S. Global has no debt on its balance sheet, which puts us in a strong financial position going forward.” During the quarter, U.S. Global’s revenue declined primarily as a result of lower assets under management due to a market turndown in the natural resources and emerging markets sectors. The lower AUM can be attributed mostly to declining market values, with a far lesser impact coming from fund redemptions. Assets under management for SEC-registered funds and other clients stood at about $3.33 billion as of September 30, 2008. Total assets under management during the latest quarter averaged $4.47 billion. Selected financial data (unaudited) for the three months ended September 30   2008 2007 Revenue $8,847,545 $12,950,773 Expenses $11,576,385 $9,320,746 Tax (benefit) expense $(883,691) $1,221,195 Net income (loss) $(1,845,149) $2,408,832 Earnings per share (basic) $(0.12) $0.16 Earnings (loss) per share (diluted) $(0.12) $0.16 Avg. common shares outstanding (basic) 15,258,530 15,241,822 Avg. common shares outstanding (diluted) 15,285,155 15,271,489 Avg. assets under management $4.47 billion $5.04 billion U.S. Global Investors, Inc. Non-GAAP Disclosure QE 09/30/08 Non-GAAP Disclosures. U.S. Global Investors reports its financial results on a GAAP basis; however, management believes that evaluating the company’s ongoing operating results may not be as useful if investors are limited to reviewing only GAAP-basis financial measures. Management reviews non-GAAP financial measures to assess ongoing operations excluding expenses related to one-time events and considers them to be effective indicators, for both management and investors. U.S. Global’s management does not advocate that investors consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP.   3 Months Ended     9/30/2008     9/30/2007 Revenue, GAAP basis   $ 8,847,545   $12,950,773           Net Income (Loss), GAAP basis   $(1,845,149)   $ 2,408,832    Non-GAAP adjustments, net of tax:               USGIF Trust merger-related costs, net of tax                            2,355,686   -           Net Income, as adjusted   $ 510,537   $ 2,408,832           Basic weighted average shares outstanding   15,258,530   15,241,822 Basic...Fri, 07 Nov 2008 06:00:00 GMTReleases http://www.usfunds.com/about-us/us-global-story/press-releases-1/?i=821SAN ANTONIO—October 31, 2008—U.S. Global Investors, Inc. (NASDAQ: GROW) will host a webcast on Friday, November 7, 2008, at 10 a.m. Central time to discuss the company’s earnings for the first quarter of fiscal year 2009. Financial data for the quarter, which ended September 30, 2008, 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, U.S. Global Accolade Funds and other clients. # # # # #Fri, 31 Oct 2008 05:00:00 GMTReleases