 |
|||
|
|||
Closing of the Reynolds Opportunity and Reynolds Fund The Reynolds Opportunity Fund and Reynolds Fund were each closed and liquidated on September 6, 2007. These two Funds were liquidated because each Fund’s assets were too small to operate efficiently. The Opportunity Fund paid a short-term and long-term capital gain distribution of $0.94777 and $4.7561 per share, respectively on June 15, 2007 and a special liquidating dividend of a total of $0.134 per share was paid on September 4, 2007, which consisted of an income dividend of $0.0211 and a short-term capital gain of $0.1129 before the Fund was closed and liquidated. A special liquidating income dividend of $0.00689 per share for the Reynolds Fund was paid on September 4, 2007 before the Fund was closed and liquidated. |