NEWS & UPDATES

2016 Capital Gains and Dividends

The Mairs & Power Growth Fund paid a long-term capital gain of $5.04169 per share and an ordinary income dividend of $0.81103170 per share on December 28, 2016 to shareholders of record on December 27, 2016.

The Mairs & Power Balanced Fund paid a long-term capital gain of $1.08188 per share and an ordinary income dividend of $0.50243839 per share on December 28, 2016 to shareholders of record on December 27, 2016.

The Mairs & Power Small Cap Fund paid a long-term capital gain of $0.38570 per share and an ordinary income dividend of $0.07754332 per share on December 28, 2016 to shareholders of record on December 27, 2016. 

The Mairs & Power Growth Fund and Mairs & Power Balanced Fund submitted a Private Letter Ruling (PLR) request to the IRS on August 1, 2016 to change the excise tax year end from December 31 to October 31.  Electing to establish an excise tax year end of October 31 would give the Funds sufficient time to more accurately calculate the December capital gain distribution.  Click on the below link to learn more about PLRs.  

  Dividend and Capital Gain FAQ