Distributions

Each Fund pays its shareholders dividends from any net investment income and distributes net capital gains that it has realized, if any, after offset by net capital loss carryovers. Income dividends and capital gain distributions, if any, are normally declared and paid annually. Your distributions will be reinvested in shares of the distributing Fund unless you instruct the Fund otherwise.

Taxes

Generally, you will be taxed when you sell or exchange shares of a Fund and when you receive distributions (whether reinvested in additional shares or taken in cash). Typically, your tax treatment will be as follows:

Transaction Tax treatment:
Income dividendOrdinary income or qualified dividend income
Net short term capital gain distributionOrdinary income
Net long term capital gain distributionLong term capital gain
Sale or exchange of shares held for more than one yearLong term capital gain or loss
Sale or exchange of shares held for one year or lessGains that are not offset by capital losses are treated as ordinary income; net losses are subject to special rules.

2018 Distributions

FundRecord DateEx & Pay DateOrdinary IncomeLong Term Capital Gain
Midas Magic12/27/1812/28/18$-$0.72
Midas Fund12/27/1812/28/18NoneNone

2017 Distributions

FundRecord DateEx & Pay DateOrdinary IncomeLong Term Capital Gain
Midas Magic12/27/1712/28/17$-$0.531
Midas Fund12/27/1712/28/17NoneNone
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