Distribution & Taxes
2010 Mutual Fund Tax Guide
The Fund will make distributions of substantially all of its net investment income and net capital gains realized on the sale of securities, if any. These distributions will generally be paid (or deemed to be paid) once each year,
on or before December 31. All distributions will automatically be reinvested in additional shares of the Fund, unless you elect to receive them in cash. If you choose to have distribution checks mailed to you and either the U.S.
Postal Service is unable to deliver the check to you or the check remains outstanding for six (6) months, the Fund reserves the right to reinvest the check at the then current net asset value until you provide us with different
In general, Fund distributions will be taxable to you as ordinary income or capital gains. A portion of the ordinary income dividends paid to you by the Fund may be qualified dividends eligible for taxation at long-term capital
gain rates. You will be taxed in the same manner whether you reinvest your distributions in additional Fund shares or receive them in cash. Any long-term capital gains the Fund distributes are taxable to you as long-term capital
gains no matter how long you have owned your shares. If the Fund distributes realized gains soon after you purchase shares, a portion of your investment may be treated as a taxable distribution.
If you do not provide your correct social security or taxpayer identification number, or if the IRS instructs the Fund to do so, the Fund, by law, must withhold a percentage of your taxable distributions.
When you sell your shares of the Fund, it is considered a taxable event and you may have a capital gain or loss on the transaction. Your individual tax liability on any gain from the sale of your shares depend on your purchase
price and sale price, your marginal tax rate and on how long you have held your shares.
Fund distributions and gains from the sale of your shares generally will be subject to state and local income tax in addition to federal taxation. Non-U.S. investors may be subject to U.S. withholding tax. You should consult your
tax advisor about the federal, state, local or foreign tax consequences of your investment in the Fund.
Calculating Share Price
How to Purchase Shares
How to Sell Shares
Shareholder Reports & Confirmations
Individual Retirement Account
Coverdell Education Savings Account