Distributions

2021 Distributions

  • Record Date: December 22, 2021
  • Ex-Date: December 23, 2021
  • Short Term Capital Gains per Share: 0.99613
  • Long Term Capital Gains per Share:  $2.01560
  • Total Adjustment of Share Price: $3.00769

What are Distributions?

A distribution is when a company earns a profit and chooses to either:

  • Make a payment of cash, stock, or physical product to its shareholders, or
  • Reinvest funds in the business and pay portions of profits to its shareholders.

This allocation of capital and income can happen throughout the calendar year and shareholders can receive distributions on a regular basis, such as monthly, quarterly, or annually.

Choose to Receive Your Distributions in Cash or Reinvested

Iman Fund automatically reinvests all distributions in additional shares of the Fund, unless you, as a shareholder, elect to receive them in cash. You may change the distribution option on your account by writing or calling the Transfer Agent at anytime. However, any change must be received five (5) days prior to the record date of the distribution. 

If the U.S. Postal Service is unable to deliver a check to you, or the check remains outstanding for six months, we will reinvest the check at the “then current net asset value,” and will also reinvest all subsequent distributions in shares of the Fund until you provide us with different instructions. 

Distributions are Taxable

In general, Fund distributions are considered ordinary income or capital gains and are therefore taxable to you. You will pay the same tax whether you reinvest your distributions in additional Fund shares or receive them in cash. 

  • A portion of the ordinary income dividends paid to you by the Fund may be eligible for taxation at long-term capital gain rates. 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 you purchase shares shortly before a distribution’s record date, you will be subject to income taxes on the distribution, even though the value of your investment (plus cash received, if any) remains the same.

Important! If you do not provide your correct social security number 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 depends on your purchase price, sale price, your marginal tax rate, how long you have held your shares, and other factors unique to your circumstances. 
  • 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
The Iman Fund makes distributions of substantially all of its net investment income and net capital gains realized on the sale of securities, if any. These distributions are generally paid (or deemed to be paid) once each year, on or before December 31.