NEWS & UPDATES
Mairs & Power's Small Cap Fund Re-Opens to All New Investors
Announcement - September 28, 2018
After careful deliberation, Mairs & Power has decided to re-open the Small Cap Fund (MSCFX) to all investors effective as of the close of business on September 28, 2018.
For two years, the Small Cap Fund has been closed to most new investors. “The same thoughtful consideration that went into closing the Fund went into the decision to re-open it, “ said Mark Henneman, Chief Executive Officer of Mairs & Power, Inc. “Having reviewed the available capacity within the Fund and the opportunities to invest in attractive small cap companies, we believe now is the right time to reopen the Fund for our current and future shareholders.”
“We are excited to re-open the Small Cap Fund to all investors,” said Andy Adams, lead Portfolio Manager of the Mairs & Power Small Cap Fund and Chief Investment Officer of Mairs & Power, Inc. “Our investment strategy and philosophy remain unchanged. We continue to exercise the same prudent investing discipline we have followed since the Fund launched in 2011.”
Complete guidelines on eligibility to invest in the Fund are available in the Fund's prospectus.