10/17/2019

Estimated capital gains as of September 30, 2019

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The funds listed below may pay a capital gain distribution in December, 2019. The amount reflected represents an estimate, per share, as of the date indicated.    Printable Version 

1 The total amount of the capital gain distribution can increase of decrease due to gains or losses realized in October, 2019.
Represents undistributed gains from fiscal year 2019 which must be distributed.

Aquila Three Peaks Opportunity Growth Fund: In the event that capital gains distributions are declared, the fund is anticipated to have a record date of December 3, 2019, an ex-date of December 4, 2019, a payable date of December 4, 2019, and a reinvestment date of December 4, 2019.

Hawaiian Tax-Free Trust and all other funds: In the event that capital gains distributions are declared, the funds are anticipated to have a record date of December 27, 2019, an ex-date of December 30, 2019, a payable date of December 30, 2019, and a reinvestment date of December 30, 2019.

Estimates are subject to change depending on market conditions, board approvals, and other circumstances. This report is the result of estimates and is based on information available as of September 30, 2019. The amount and character of distributions will be finalized on the record dates.

Although the funds listed below could pay capital gains distributions in December, 2019, at this time, a capital gain distribution is not anticipated.

 

Aquila Tax-Free Trust of Arizona

Aquila Tax-Free Fund of Colorado

Aquila Churchill Tax-Free Fund of Kentucky

Aquila Narragansett Tax-Free Income Fund (RI)

Aquila Tax-Free Trust of Oregon

Aquila Tax-Free Fund For Utah

Aquila Three Peaks High Income Fund

 

Shares of the Funds may only be sold by offering the Funds’ Prospectus. Before investing in a Fund, carefully read about and consider the investment objectives, risks, charges, expenses, and other information found in the Fund prospectus.  The prospectus is available from your financial advisor, and when you call 800-437-1020 or visit www.aquilafunds.com.