Distribution History
We believe that enduring wealth comes from owning great companies for a long time. We invest in companies; we don't trade stocks. As a result of our long-term strategy, turnover in The Jensen Portfolio has been low and capital gains distributions have been infrequent. The table below shows the Fund's total distributions over the last five years. In taxable accounts, low capital gains can increase long-term results and allow investors to benefit from enhanced net returns and accelerated compounded growth.
An Ordinary Income Dividend Distribution was paid to shareholders on December 18, 2008. The record date, ex-dividend date, and payable/reinvestment date were as follows:
Record Date: December 17, 2008
Ex-dividend Date: December 18, 2008
Payable/Reinvestment Date: December 18, 2008
Ordinary Income Dividend Distributions by Share Class:
Class J - $0.11 per share
Class R - $0.09 per share
Class I - $0.12 per share
The closing net asset value (NAV) for each share class on December 18, 2008 was reduced by the amount of the distribution, plus or minus any market activity for the day. As always, please consult your tax advisor for information specific to your particular situation.
A Long-Term Capital Gains Distribution was paid to shareholders on November 21, 2008. The record date, ex-dividend date, and payable/reinvestment date were as follows:
Record Date: November 20, 2008
Ex-dividend Date: November 21, 2008
Payable/Reinvestment Date: November 21, 2008
Long-Term Capital Gains Distributions by Share Class:
Class J - $0.65 per share
Class R - $0.65 per share
Class I - $0.65 per share
The closing net asset value (NAV) for each share class on November 21, 2008 was reduced by the amount of the distribution, plus or minus any market activity for the day. As always, please consult your tax advisor for information specific to your particular situation.