NEW YORK, NY -- (Marketwired) -- 12/11/14 -- The Midas Funds (NASDAQ: MIDSX) (NASDAQ: MISEX) (NASDAQ: MPERX) announced today the 2014 preliminary estimated year end dividends and capital gain distributions for all of the Midas Funds.
These preliminary estimates may change between the date of this press release and the ex-dividend date. A precise estimate of the amount of the per share distribution is not possible because the number of shares outstanding on record date cannot be determined in advance or due to certain tax adjustments and other factors.
The distributions are expected to be paid on December 30, 2014 to shareholders of record as of December 29, 2014. The ex-dividend and reinvestment dates will be on the expected payment date.
As of the date of this press release, the per share distribution is estimated as follows:
Estimated
Long Term
Fund Name Ticker Estimated Income Capital Gain
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Midas Fund MIDSX None None
Midas Magic MISEX None $4.64
Midas Perpetual Portfolio MPERX None $0.03
The distribution will be reinvested or paid out in cash, according to the instructions associated with each shareholder's account.
One of Midas' guiding principles is that we will communicate with our shareholders and prospective investors as candidly as possible because we believe shareholders and prospective investors benefit from understanding our investment philosophy and approach. Our views and opinions regarding the prospects of our portfolio holdings, Funds, and the economy are "forward looking statements" which may or may not be accurate and may be materially different over future periods. We disclaim any obligation to update or alter any forward looking statements, whether as a result of new information, future events, or otherwise. Thus, you should not place undue reliance on forward looking statements, which also speak only as of the date of the Midas communication.
The Midas Funds are managed by Midas Management Corporation, a subsidiary of Winmill & Co. Incorporated, which is engaged through subsidiaries in stock market and gold investing through its investment management of equity and gold mutual funds. To learn more about the Midas Funds, please visit www.MidasFunds.com.
Distributed by: Midas Securities Group, Inc.
Member: FINRA
Contact:
Midas Funds
Shareholder Services
1-800-400-MIDAS (6432)
www.MidasFunds.com
