Foxby Corp. Declares 2024 Distribution
Foxby Corp. (OTC PINK:FXBY) has declared a distribution of $1.74018 per share, payable on December 27, 2024, to shareholders of record as of December 16, 2024. This distribution is derived entirely from capital gains and includes no net investment income or return of capital. The announcement complies with Section 19(a) of the Investment Company Act of 1940, which mandates disclosure of distribution sources. Shareholders should note that this notice is not for tax reporting purposes and the actual tax-related information will be provided via a Form 1099-DIV. The indicated distribution sources are based on estimates and may change depending on the Fund's investment performance and tax regulations.
Foxby Corp. (OTC PINK:FXBY) ha dichiarato una distribuzione di $1.74018 per azione, pagabile il 27 dicembre 2024, agli azionisti registrati al 16 dicembre 2024. Questa distribuzione deriva interamente da guadagni di capitale e non include alcun reddito da investimenti netti o rimborso di capitale. L'annuncio è conforme alla Sezione 19(a) della Legge sulle Società di Investimento del 1940, che richiede la divulgazione delle fonti di distribuzione. Gli azionisti dovrebbero notare che questo avviso non è finalizzato a scopi di segnalazione fiscale e le informazioni fiscali effettive saranno fornite tramite un Modulo 1099-DIV. Le fonti di distribuzione indicate si basano su stime e potrebbero cambiare a seconda delle performance di investimento del Fondo e delle normative fiscali.
Foxby Corp. (OTC PINK:FXBY) ha declarado una distribución de $1.74018 por acción, que se pagará el 27 de diciembre de 2024, a los accionistas registrados a partir del 16 de diciembre de 2024. Esta distribución se deriva completamente de ganancias de capital y no incluye ingresos netos de inversiones ni devoluciones de capital. El anuncio cumple con la Sección 19(a) de la Ley de Compañías de Inversión de 1940, que exige la divulgación de las fuentes de distribución. Los accionistas deben tener en cuenta que este aviso no es para fines de declaración de impuestos y la información fiscal real se proporcionará a través de un Formulario 1099-DIV. Las fuentes de distribución indicadas se basan en estimaciones y pueden cambiar dependiendo del rendimiento de la inversión del Fondo y de las regulaciones fiscales.
Foxby Corp. (OTC PINK:FXBY)는 2024년 12월 27일에 주주에게 주당 $1.74018의 배당금을 지급한다고 발표했습니다. 배당금 지급 기준일은 2024년 12월 16일입니다. 이 배당금은 전적으로 자본 이득에서 발생하며, 순 투자 소득이나 자본 환급은 포함되지 않습니다. 이 발표는 1940년 투자회사법 제19(a)조의 요건을 준수하며, 배당금 출처의 공개를 의무화하고 있습니다. 주주들은 이 통지가 세금 신고 목적으로 작성된 것이 아니며, 실제 세금 관련 정보는 1099-DIV 양식을 통해 제공될 것임을 유의해야 합니다. 표시된 배당금 출처는 추정치에 기반하며, 펀드의 투자 성과 및 세금 규정에 따라 변동될 수 있습니다.
Foxby Corp. (OTC PINK:FXBY) a annoncé une distribution de $1.74018 par action, qui sera versée le 27 décembre 2024, aux actionnaires inscrits au 16 décembre 2024. Cette distribution provient entièrement de plus-values et n'inclut aucun revenu net d'investissement ou remboursement de capital. L'annonce respecte la Section 19(a) de la Loi de 1940 sur les Sociétés d'Investissement, qui impose la divulgation des sources de distribution. Les actionnaires doivent noter que cet avis n'est pas destiné à des fins de déclaration fiscale et que les informations fiscales réelles seront fournies via un formulaire 1099-DIV. Les sources de distribution indiquées sont basées sur des estimations et peuvent changer en fonction de la performance d'investissement du Fonds et des réglementations fiscales.
Foxby Corp. (OTC PINK:FXBY) hat eine Ausschüttung von $1,74018 pro Aktie erklärt, die am 27. Dezember 2024 an die am 16. Dezember 2024 registrierten Aktionäre ausgezahlt wird. Diese Ausschüttung stammt vollständig aus Kapitalgewinnen und umfasst kein Nettoinvestitionseinkommen oder Kapitalrückzahlung. Die Ankündigung entspricht Abschnitt 19(a) des Investment Company Act von 1940, das die Offenlegung der Ausschüttungsquellen vorschreibt. Die Aktionäre sollten beachten, dass diese Mitteilung nicht für steuerliche Zwecke gedacht ist und die tatsächlichen steuerbezogenen Informationen über ein Formular 1099-DIV bereitgestellt werden. Die angegebenen Ausschüttungsquellen basieren auf Schätzungen und können sich je nach Anlageleistung des Fonds und Steuervorschriften ändern.
- Foxby Corp. declared a distribution of $1.74018 per share.
- The distribution is derived entirely from capital gains.
- The distribution does not include net investment income or return of capital.
Notification of Sources of Distribution
Statement Pursuant to Section 19(a) of the Investment Company Act of 1940
ROCHESTER, NY / ACCESSWIRE / December 2, 2024 / A distribution of
Under U.S. tax rules applicable to the Fund, the amount and character of distributable income for each tax year can be finally determined only as of the end of the Fund's tax year. However, under Section 19 of the Investment Company Act of 1940, as amended ("1940 Act"), and related rules, the Fund may be required to indicate to shareholders the source of certain distributions to shareholders. The information provided herein does not represent information for tax reporting purposes. Earnings and profits on a tax basis may differ.
This notice discloses information on the sources of the distribution as required by Section 19(a) of the 1940 Act. As of December 2, 2024, and based on the Fund's results and estimates for the year, the current distribution of
Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution.
Distributions may be paid from net investment income, net realized capital gains, or return of capital, or a combination thereof. To the extent that the Fund has estimated that it has distributed more than such income and gains, the distribution may be a return of capital. A return of capital may occur, for example, when money invested in the Fund is paid back to shareholders. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income." Additionally, a return of capital is not taxable; rather it reduces the tax basis of the shareholder's Fund shares, thereby increasing the potential gain or reducing potential loss on the shareholder's subsequent sale of those shares.
The amounts and sources of distributions reported in this 19(a) Notice are only estimates based on book earnings, are likely to change over time and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the entirety of its fiscal year and may be subject to changes based on tax regulations.
THE FUND INTENDS TO SEND SHAREHOLDERS A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL INSTRUCT HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.
About Foxby Corp.
Foxby Corp. is a non-diversified, closed end management investment company. The Fund's non-fundamental investment objective is total return which it may seek from growth of capital and from income in any security type and in any industry sector. In seeking its objective, the Fund exercises a flexible strategy in the selection of securities, and is not limited by the issuer's location, size, or market capitalization. The Fund may invest in equity and fixed income securities of new and seasoned U.S. and foreign issuers, including securities convertible into common stock, debt securities, futures, options, derivatives, and other instruments. The Fund also may employ aggressive and speculative investment techniques, such as selling securities short and borrowing money for investment purposes, a practice known as "leveraging," and may invest defensively in short term, liquid, high grade securities and money market instruments. From time to time, shares of the Fund may trade at a premium to NAV or a discount to NAV. During such periods when the Fund's NAV per share is above the market price, there may be an opportunity for investors to purchase shares of the Fund at a discount to their underlying value. The Fund's premium or discount to NAV may vary over time and shares of the Fund may subsequently be worth more or less than their original cost.
Shares of closed end funds frequently trade at a discount from their NAV. This characteristic is a risk separate and distinct from the risk that the Fund's NAV has decreased in the past, and may decrease in the future, as a result of its investment activities and other events. Neither the Investment Manager nor the Fund can predict whether shares of the Fund will trade at, below, or above NAV. The risk of holding shares of the Fund that might trade at a discount is more pronounced for investors expecting to sell their shares in a relatively short period of time after acquiring them because, for those investors, realization of a gain or loss on their investments is likely to be more dependent upon the existence of a premium or discount than upon portfolio performance. The shares of the Fund are designed primarily for long term investors and should not be considered a vehicle for trading purposes. The NAV of the Fund's shares typically will fluctuate with price changes of the Fund's portfolio securities, and these fluctuations are likely to be greater in the case of a fund which uses leverage, as the Fund may from time to time. In the event that shares of the Fund trade at a premium to NAV, there is no assurance that any such premium will be sustained for any period of time and will not decrease, or that the shares of the Fund will not trade at a discount to NAV thereafter. The market price for the Fund is based on supply and demand which fluctuates daily based on many factors, such as economic conditions and global events, investor sentiment, and security-specific factors.
There is no assurance that the Fund's investment objective will be attained. Past performance is no guarantee of future results. You should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. The Fund's investment policies, management fees and other matters of interest to prospective investors may be found in its filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual and semi-annual reports. To obtain a copy of the reports, please call us at 212-785-0900 or download them at www.FoxbyCorp.com. Please read the reports carefully before investing.
To learn more about the Fund visit www.FoxbyCorp.com. For Fund shareholder services, please call the Fund's transfer agent, Securities Transfer Corporation at (469) 633-0101. Foxby Corp. is part of a fund complex which includes the Midas Funds and Bexil Investment Trust.
This notice is provided for informational purposes only. This is not a prospectus, circular, or representation intended for use in the purchase of shares of the Fund or any securities mentioned in this notice. This notice shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state, or an exemption therefrom.
Investment products, including shares of closed end funds, are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by, any financial institution and involve investment risk, including possible loss of principal and fluctuation in value. Consult with your tax advisor or attorney regarding specific tax issues.
Cautionary Note Regarding Forward Looking Statements
Certain information presented in this release may contain "forward looking statements" within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward looking statements include, but are not limited to, statements concerning the Fund's plans, objectives, goals, strategies, distributions and their amounts and timing, distribution declarations, future events, future performance, prospects of its portfolio holdings, or intentions, and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates," "projects," "plans," or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. All forward looking statements by the Fund involve known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Fund, which may cause the Fund's actual results to be materially different from those expressed or implied by such statements. These risks may include, but are not limited to, equity securities risk, corporate bonds risk, credit risk, interest rate risk, leverage and borrowing risk, additional risks of certain securities in which the Fund invests, market discount from NAV, distribution policy risk, management risk, and other risks discussed in the Fund's filings with the SEC. The Fund may also make additional forward looking statements from time to time. All such subsequent forward looking statements, whether written or oral, by the Fund or on its behalf, are also expressly qualified by these cautionary statements. Investors should carefully consider the risks, uncertainties, and other factors, together with all of the other information included in the Fund's filings with the SEC, and similar information. All forward looking statements apply only as of the date made. The Fund undertakes no obligation to publicly update or revise forward looking statements, whether as a result of new information, future events, or otherwise. Thus you should not place undue reliance on forward looking statements.
Contact:
Thomas O'Malley
Chief Financial Officer
1-212-785-0900
tomalley@performancedriven.us
http://www.foxbycorp.com
SOURCE: Foxby Corp.
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