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Estimated Capital Gains Distributions

October 2021

Jensen Quality Value Fund

Estimated 2021 Capital Gains Distributions

To assist you with your year-end investment and tax planning strategies, the Jensen Quality Value Fund is providing preliminary estimates of its capital gains distributions.

Using the estimates below. The numbers are only estimates and are subject to change between now and the expected payment dates due to market movements, fund cash flows, ongoing portfolio transactions and other factors. The exact amounts to be paid by the Fund will be available on the Fund’s payable date. The dates shown are subject to change.

Long-Term Capital Gains Distributions

The Fund expects to pay a Long-Term Capital Gains Distribution to shareholders on December 15, 2021. The estimated record date, estimated ex-dividend date, and estimated payable/reinvestment dates are as follows:

           Record Date: December 14, 2021 

           Ex-dividend Date: December 14, 2021 

           Payable/Reinvestment Date: December 15, 2021 

           Long-Term Capital Gains Distributions by Share Class: 

                    Class J – $0.27 per share 

                    Class I – $0.27 per share 

                    Class Y – $0.27 per share 

The Fund’s estimated long-term capital gains distributions this year are $0.27/share, compared to $0.030/share paid for 2020.

Short-Term Capital Gains Distributions

The Fund expects to pay a Short-Term Capital Gains Distribution to shareholders on December 15, 2021. The estimated record date, estimated ex-dividend date, and estimated payable/reinvestment dates are as follows:

           Record Date: December 14, 2021 

           Ex-dividend Date: December 14, 2021 

           Payable/Reinvestment Date: December 15, 2021 

           Short-Term Capital Gains Distributions by Share Class: 

                    Class J – $0.18 per share 

                    Class I – $0.18 per share 

                    Class Y – $0.18 per share 

The Fund’s estimated short-term capital gains distributions this year are $0.18/share, compared to $0.096/share paid for 2020.

It should be noted that the projections listed above were computed based on October 22, 2021, data and therefore should be considered estimates only. As estimates, these numbers are subject to change prior to the actual distribution dates. 

The Fund does not estimate quarterly dividends of net investment income. 

Final capital gains distribution figures will be posted to the website on December 15, 2021. 

Additional Reminders about Distributions: 

  • Distributions may also be subject to state and local income taxes.  
  • Selling or exchanging shares just prior to an anticipated distribution and buying them back later may trigger wash sale consequences, depending on the timing of the transactions. 
  • A purchase of shares just prior to a dividend or capital gain distribution results in a portion of the purchase price being returned to the investor as a taxable distribution. 
  • Corporations, trusts, partnerships, and other types of entities that own fund shares may have special tax considerations. 

 

Please remember that this material is only a general discussion of capital gains and federal income tax matters, provided for educational and informational purposes only, and it is not intended as tax or investment advice or for use to avoid penalties that may be imposed under U.S. federal tax laws. Each investor’s tax and investment considerations may be different. If you have additional questions, please call your financial advisor or tax consultant.

The data shown above does not include estimates of payments of dividends from net investment income (which are taxed to individuals as ordinary income).

We thank you for your continued support of the Jensen Quality Value Fund and invite any questions you may have.

 

 

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Please click here for a current Fund prospectus.

The Fund invests in mid and smaller capitalization companies, which involve additional risks such as limited liquidity and greater volatility.

Mutual fund investing involves risk; loss of principal is possible.

Jensen Quality Value Fund is distributed by Quasar Distributors, LLC.