NEWS & UPDATES

2017 Capital Gains and Dividends

The Mairs & Power Balanced Fund paid an ordinary income dividend of $0.49 per share on June 29, 2017 to shareholders of record on June 28, 2017. 

The Mairs & Power Growth Fund paid an ordinary income dividend of $0.81 per share on June 29, 2017 to shareholders of record on June 28, 2017.

 

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