Please be advised that the Aquila Group of Funds will not declare a capital gain distribution in December 2023. This pertains to Aquila Opportunity Growth Fund, Aquila High Income Fund, and each of the single-state municipal bond funds.

Regarding dividend distributions, the percentages of the 2023 dividend distributions that are characterized as tax-exempt dividend, taxable ordinary income, and Alternative Minimum Tax (AMT) will be posted to the Aquila Group of Funds website in January 2024.

Please note: Aquila Distributors LLC does not provide accounting, tax or legal advice. Shareholders should seek tax advice based upon their particular situation.

For additional information, contact your financial professional, or call Aquila Group of Funds at          800-437-1000.


Before investing in any mutual fund offered by Aquila Group of Funds, carefully read about and consider the investment objectives, risks, charges, expenses, and other information found in the fund’s prospectus. The prospectus is available from your financial professional, by clicking here, or by calling 800-437-1020.