To assist you with your year-end investment and tax planning strategies, the Mairs & Power Funds are providing preliminary estimates of capital gain and dividend distributions. The numbers are estimates only and are subject to change. Actual distribution may vary from these figures.

 

 Fund Name

 

Estimated 

Dividend per Share

Estimated Long-Term

Capital Gain per Share

% of Net Asset Value (NAV)

as of 10/31/2024

 Growth Fund $0.70 - $0.76 $4.76 - $5.00 3.16% - 3.32%
 Balanced Fund $0.55 - $0.63 $0.00 - $0.05 0.50% - 0.62%
 Small Cap Fund     $0.01 - $0.05 $0.53 - $0.58 1.73% - 2.04%

 

Record Date: December 13, 2024

Payable/Ex-Dividend/Reinvestment Date: December 16, 2024

Dividend and Capital Gain FAQ

 

Note About 2024 Capital Gains

We are pleased to announce another year of expected lower capital gains. A quick reminder that a capital gain distribution occurs when the fund sells assets during the year and the gains on those sales exceed the losses. Sticking to our valuation discipline has meant needing to trim some of the stocks experiencing runs in valuation over the last few years. However, thanks to our continued utilization of ReFlow, we were able to help keep capital gains lower.

ReFlow provides liquidity to the Funds to mitigate trading costs that open-end funds incur in connection with redemptions of fund shares and reduces realized capital gains over the long-term. This program smooths fluctuations in a fund’s cash level and reduces the amount of its flow-related trading activity. ReFlow helped to reduce cash drag on the portfolio and kept assets fully invested.

We believe our long-term investment focus is the best way to make money for our clients. While our Funds have long-term records of tax efficiency and rank among the most tax efficient mutual funds, according to Morningstar, we want to utilize ReFlow for the benefit of our shareholders and will continue to use ReFlow, when appropriate, and in the best interest of the shareholder.

Please reach out if you have questions about the estimated capital gain and dividend distributions.

 

Investing involves risk, including potential loss of principal.

Investing in the Funds is subject to investment risks, including, but not limited to, possible loss of the principal amount invested. These investment risks are explained in the Prospectus.

 

The Mairs & Power Balanced, Growth, and Small Cap Mutual Funds are offered by Prospectus only. The Funds are not available for sale to investors residing outside of the United States. See each individual Fund for more information. You should read the Prospectus carefully before you invest. A Prospectus is available online. You may also obtain a Fund Prospectus by calling Shareholder Services at 800-304-7404.

Diversification does not eliminate the risk of experiencing investment loss.

Morningstar data is the property of Morningstar, Inc., which is not affiliated with Mairs & Power, Inc.

Foreside Fund Services, LLC is the Distributor for the Mairs & Power Funds. Foreside Fund Services, LLC is not affiliated with Mairs & Power, Inc. Foreside Fund Services, LLC does not distribute the individually managed accounts.