The following is printed from www.sitfunds.com
The following information is for 2007 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.
Mutual funds are required to distribute net realized capital gains and income each year. These distributions were paid 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. No capital gain distributions are expected for the Fixed-Income Funds.
A Form 1099-DIV will be produced for all regular accounts (not IRAs) with Funds that will pay taxable capital gains or income. This form will not be produced for accounts with holdings in the Small Cap Growth Fund because they did not have any realized net capital gains or income.
| Sit Mutual Fund | Per Share Amount |
Type of Distribution |
| Small Cap Growth | $0 |
|
| Mid Cap Growth | $0.496604 |
Long-term Capital Gain |
| Large Cap Growth | $0.133081 |
Income |
| Balanced | $0.084050 |
Income |
| Developing Markets Growth | $0.268104 |
Long-term Capital Gain |
| Developing Markets Growth | $0.039118 |
Income |
| International Growth | $0.196151 |
Income |
| Dividend Growth - Class I | $0.060768 |
Income |
| Dividend Growth - Class I | $0.122367 |
Short-term Capital Gain |
| Dividend Growth - Class I | $0.570886 |
Long-term Capital Gain |
| Dividend Growth - Class S | $0.051829 |
Income |
| Dividend Growth - Class S | $0.122366 |
Short-term Capital Gain |
| Dividend Growth - Class S | $0.570888 |
Long-term Capital Gain |
| U.S. Government Securities | $0 |
|
| Tax-Free Income | $0 |
|
| Minnesota Tax-Free Income | $0 |
The following information is for 2006 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.
Mutual funds are required to distribute net realized capital gains and income each year. In 2006 thes amounts were paid on December 15th (to shareholders of record on December 14th). This year's distribution amounts are provided in the table below. As always, the Sit Fixed-Income Funds pay regular monthly income distributions. No capital gain distributions are expected for the Fixed-Income Funds.
A Form 1099-DIV will be produced for all regular accounts (not IRAs) with Funds that will pay taxable capital gains or income. This form will not be produced for accounts with holdings in the Small Cap and Science and Technology Growth Funds because they will not have any undistributed capital gains or income.
New regulations now require fund companies to report tax-exempt interest to the IRS. Form 1099-INT will be used for this purpose and it will replace the Statement of Tax-Exempt Interest. The new reporting requirement does not change the existing tax status of municipal bond interest.
| Sit Mutual Fund | Per Share Amount |
Type of Distribution |
| Balanced | $0.084439 |
Income |
| Dividend Growth (Class I) | $0.058961 |
Income |
| Dividend Growth (Class I) | $0.030583 |
Short-term Capital Gain |
| Dividend Growth (Class I) | $0.166790 |
Long-term Capital Gain |
| Dividend Growth (Class S) | $0.055240 |
Income |
| Dividend Growth (Class S) | $0.030582 |
Short-term Capital Gain |
| Dividend Growth (Class S) | $0.166793 |
Long-term Capital Gain |
| Large Cap Growth | $0.277108 |
Income |
| International Growth | $0.148513 |
Income |
| Developing Markets Growth | $0.046794 |
Income |
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