At the joint special shareholder meeting on March 23, 2020,
the shareholders of the Income &
Equity, the Balanced, the Large Cap Value, and the Mid Cap Value Funds adopted and
approved the Plan of liquidation and dissolution (the “Plan”). For these four Funds, the Fund paid a
liquidating distribution to the shareholders of record as of the close of
business on the Liquidation Date, March 30, 2020.
The Small Cap Value Fund meeting was adjourned to allow for
the additional solicitation of proxies; the Plan was subsequently approved on
March 30, 2020. The Fund liquidated as
of the close of business on April 6, 2020, the Liquidation Date, to
shareholders of records as of the close of business on that date.
Each Fund treated a portion of the amount included in its
liquidating distribution as a long-term capital gain distribution (LTCG) in
addition to a liquidating N.A.V. payment. A table of each Fund's distributions is provided below.
Pacific Advisors Funds will issue a statement for 2020 reporting
the portion of the liquidating distribution paid by each Fund to be treated as long-capital
gains dividend, qualified dividend income, and dividends eligible for the corporate
dividends received deduction.
Please see the Joint Proxy Statement for more details.
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. Pacific Advisors Funds are offered only to citizens and residents of the United States and may not be available in all states. Pacific Advisors Funds are not offered to any person or entity where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.
Shares of the Pacific Advisors Funds (the “Funds”) are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks including the possible loss of the principal amount invested. For more information on the Funds, including objectives, risks, charges and expenses, please download the prospectus
or call (800) 989-6693 to request a copy. Please read the prospectus carefully and consider the investment objectives, risks, charges, and expenses before investing. Pacific Advisors Funds are distributed by Pacific Global Fund Distributors, Inc. 101 N. Brand Blvd., Suite 1950, Glendale, CA 91203.
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