NEW YORK, NY--(Marketwired - Dec 9, 2015) - 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, 2015 to shareholders of record as of December 29, 2015. 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 Fund | MIDSX | None | None | |||
| Midas Magic | MISEX | None | $4.16 | |||
| Midas Perpetual Portfolio | MPERX | Less than $0.01 | None |
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.
To learn more about the Midas Funds, please visit www.MidasFunds.com.
Distributed by: Midas Securities Group, Inc.
Member: FINRA
Contact Information:
Midas Funds
Shareholder Services
1-800-400-MIDAS (6432)
www.MidasFunds.com