U.S. Global Investors Announces a Significant Increase in October’s Stock Buybacks Compared to the Same Month a Year Earlier, Provides Update on Mutual Fund Monthly Income Distributions
November 15 2023 - 4:05PM
U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a
registered investment advisory firm with longstanding experience in
global markets and specialized sectors, today is pleased to
announce that it repurchased 57,631 of its own shares in October
2023, at a net cost of approximately $160,000. This represents a
significant increase of around 250% from the number of shares
purchased the same month a year earlier.
The Board of Directors (the “Board”) modified the Company’s
buyback program in December 2022, making it possible for the
Company to buy back shares of GROW stock when the price is flat or
down from the previous trading day.
Mutual Fund Monthly Income Distributions
Further, the Company is pleased to announce that two of its
mutual funds paid an income dividend in October. The record date
was October 30, 2023, the ex-date was October 31, 2023, and the
payable date was October 31, 2023.
Had you held 10,000 shares of NEARX in October, you would have
seen a total monthly dividend of approximately $73. Had you held
10,000 shares of UGSDX in October, you would have seen a total
monthly dividend of approximately $69.
|
Income Distribution Per Share |
Short-Term Gain Distribution Per Share |
Long-Term Gain Distribution Per Share |
Near-Term Tax Free Fund (NEARX) |
$0.007331 |
$0.00 |
$0.00 |
U.S. Government Securities Ultra-Short Bond Fund
(UGSDX) |
$0.006879 |
$0.00 |
$0.00 |
Shareholders should be aware that distributions will reduce each
fund’s net asset value (NAV) by the amount of the distribution.
Market activity may also impact a fund’s NAV on the ex-dividend
date, so the total change in a fund’s NAV may be more or less than
its distribution.
Shareholders with automatic reinvestment will receive their
distribution in the form of additional shares, while others will
receive their distribution check. The distributions do not affect
the fund’s total return.
About U.S. Global Investors, Inc.
The story of U.S. Global Investors goes back more than 50 years
when it began as an investment club. Today, U.S. Global Investors,
Inc. (www.usfunds.com) is a registered investment adviser that
focuses on niche markets around the world. Headquartered in San
Antonio, Texas, the Company provides investment advisory services
to U.S. Global Investors Funds and U.S. Global ETFs.
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# # #
Fund distributions are not directly correlated with short-term
fund performance. This information is not intended as tax advice.
Investors should consult a tax advisor with questions regarding
their individual tax liability.
Please consider carefully a fund’s investment objectives, risks,
charges and expenses. For this and other important information,
obtain a fund prospectus by visiting www.usfunds.com or
by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully
before investing. Foreside Fund Services, LLC, Distributor. U.S.
Global Investors is the investment adviser.
Bond funds are subject to interest-rate risk; their value
declines as interest rates rise. There is no guarantee that the
issuers of any securities will declare dividends in the future or
that, if declared, will remain at current levels or increase over
time.
All opinions expressed and data provided are subject to change
without notice. Some of these opinions may not be appropriate to
every investor. There is no guarantee that the funds will declare
dividends in the future or that, if declared, will remain at
current levels or increase over time.
Holly Schoenfeldt
U.S. Global Investors, Inc.
210.308.1268
hschoenfeldt@usfunds.com
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