Tax Information

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.

2007 Tax Information Brochure

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.

2006 Tax Information Brochure

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