December 13, 2023: Midas Funds 2023 Estimated Year End Distribution
ROCHESTER, NY – December 13, 2023
The Midas Funds announced today their 2023 preliminary estimated year end dividends and capital gain distributions.
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 the record date cannot be determined in advance and other factors.
The expected payment date for the distributions is December 28, 2023 to shareholders of record as of December 27, 2023. 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:
| Fund Name | Ticker | Estimated Income | Estimated Long Term Capital Gain |
| Midas Magic | MISEX | None | $0.60 |
| Midas Fund | MIDSX | None | None |
The distribution will be reinvested or paid out in cash, according to the instructions associated with each shareholder’s account.
To learn more about the Midas Funds, please visit www.MidasFunds.com.
There is no assurance that the investment objectives of the Midas Funds will be attained. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
You should consider the investment objectives, risks, and charges and expenses of the Midas Funds carefully before investing. The prospectus and each summary prospectus contain this and other information about the Midas Funds. To obtain a copy of the prospectus and each summary prospectus, please contact us at 1-800-400-MIDAS (6432) or download them at https://midasfunds.com/literature/. Please read the prospectus and each summary prospectus carefully before investing.
Midas Fund invests in securities of companies involved in the business of mining, processing, fabricating, distributing, or otherwise dealing in natural resources and precious metals. Midas Fund is subject to risks including, but not limited to, those associated with market fluctuations, foreign investment, non-diversification, concentration, investments in gold, silver, platinum, and other precious metals, natural resource companies, depletion and exploration risk, and in-kind redemptions.
Investment products, including shares of mutual funds and closed end funds, are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by, any financial institution and involve investment risk, including possible loss of principal and fluctuation in value. Consult with your tax advisor or attorney regarding specific tax issues.
One of Midas’ guiding principles is that we will normally 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, the Midas Funds, and the economy are “forward looking statements” as defined under the U.S. federal securities laws, which may or may not be accurate and may be materially different over future periods. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will,” “may,” “should,” “plan,” or the negative of such terms and similar expressions identify forward looking statements, which generally are not historical in nature. Forward looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from a Fund’s historical experience and its current expectations or projections indicated in any forward looking statements. These risks include, but are not limited to, equity securities risk, corporate bonds risk, credit risk, interest rate risk, leverage and borrowing risk, additional risks of certain securities in which the Midas Funds invest, management risk, and other risks discussed in the Midas Funds’ filings with the Securities and Exchange Commission. 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 speak only as of the date they are made.
The Midas Funds are part of a fund complex which includes Foxby Corp. and Dividend and Income Fund.
Distributed by: Midas Securities Group, Inc.
Member: FINRA.
Midas Funds
Shareholder Services
1-800-400-MIDAS (6432)
