The Funds listed below have declared capital gain distributions to be paid on various dates in December 2021, as described below. The amounts reflected represent preliminary estimates as of the date indicated, and are based on information available as of October 29, 2021. Estimates are subject to change based on a number of factors, including changes in the number of shares outstanding, certain tax adjustments, market conditions, board approvals, and other circumstances.

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

Important Dates Related to Capital Gain Distributions

Printable Version


1Based on the number of shares outstanding.
2Distributions as a percentage of net asset value (NAV) shown are for Class A shares. Percentages for other share classes may differ.
3This estimated distribution is in addition to the capital gains distributed on 9/30/2021.
4Represents undistributed realized gains from fiscal 2021, which must be distributed during calendar 2021 and cannot be reduced.

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.