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Tax Information

New Tax Form Mailing Date

UPDATE: Most tax forms were mailed on January 29, 2010.

Due to new IRS regulations, most tax forms will now be mailed by FEBRUARY 16, 2010 (see list below).   Shareholders with multiple accounts will receive their tax forms in separate envelopes.  Electronic copies for most forms will also be available through online account access near the end of February.  Please call an Investor Services Representative at 800-332-5580 if you have any questions.

Most Common Tax Forms

Description

Mailing Date

1099-DIV

Dividends/capital gains

Mailed on January 29, 2010

1099-B

Sales of mutual fund shares

Mailed on January 29, 2010

Cost Basis Statements

Cost basis of shares sold

Mailed on January 29, 2010

1099-INT

Interest income

Mailed on January 29, 2010

1099-R

Distributions from retirement accounts

Mailed on January 29, 2010

5498

IRA contributions

May 31, 2010*

*Unchanged from previous years

 

The following information is for 2009 taxes. Consult your tax advisor about how to report this information on your federal and state tax returns. Your tax advisor will need this information to prepare your taxes.

2009 Tax Information Brochure

 

Mutual funds are required to distribute net realized capital gains and income each year. We paid these amounts this year on December 18th (to shareholders of record on December 17th). This year's distribution amounts are provided in the table below. As always, the Sit Fixed-Income Funds pay regular monthly income distributions.

A Form 1099-DIV will be produced for all regular accounts (not IRAs) with Funds that paid taxable capital gains or income. This form will not be produced for accounts with holdings in the Small Cap Growth Fund or the Mid Cap Growth Fund because these Funds did not have any realized net capital gains or income.

Sit Mutual Fund
Income Distribution
Capital Gain Distribution
Mid Cap Growth
$0.00
$0.00
Small Cap Growth
$0.00
$0.00
Balanced
$0.097407
$0.00
Dividend Growth (I Class)
$0.048639
$0.00
Dividend Growth (S Class)
$0.042042
$0.00
Large Cap Growth
$0.215013
$0.00
International Growth
$0.124495
$0.00
Developing Markets Growth
$0.044129
$0.00
Global Dividend Growth (I Class)
$0.032935
$0.00
Global Dividend Growth (S Class)
$0.026181
$0.00
U.S. Government Securities
$0.00
$0.00
Tax-Free Income
$0.00
$0.00
Minnesota Tax-Free Income
$0.00
$0.00

 

 

If you're looking for past year's tax information it is now available on the Historical Tax Information page.


Important Legal Information

The Sit Mutual Funds referred to in this site are offered and sold only to persons residing in the United States, and are offered by Prospectus only. By using this site you agree to our Terms of Use. Information in this site does not constitute an offer to sell, or a solicitation of an offer to buy shares of any Sit Mutual Funds. Shares of the Sit Mutual Funds will not be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Mutual fund investing involves risk. Loss of principal is possible. For more information on any of our Funds, download a Prospectus from this site or call 800-332-5580 to have one sent to you. The Prospectus contains important information about a fund’s investment objectives, risks, and charges and expenses, and should be read carefully before investing.
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