Seafarer®

Pursuing Lasting Progress in Emerging Markets

Fund Distributions

On ex-date December 13, 2018, the year-end distributions per share were:

Seafarer Overseas Growth and Income Fund: $0.78430 for SFGIX and $0.78430 for SIGIX
Seafarer Overseas Value Fund: $0.32555 for SFVLX and $0.33273 for SIVLX

For further information, see the Historical Distributions section below.

Growth and Income Fund – Reclassification of June 2018 Distribution

– The Seafarer Overseas Growth and Income Fund reclassified a portion of the ordinary net income distribution paid on June 21, 2018 as long term capital gains. For the reclassified June 2018 distribution, please see the Historical Distributions section.

In June 2018, the Fund made a good faith estimate of the ordinary net income available for distribution, and declared and paid the mid-year distribution accordingly. However, subsequent taxable events and adjustments retroactively modified the assumptions used to compose the mid-year estimates. Accordingly, and based on a complete picture of the events occurring within the taxation period, the Fund determined that shareholders would be better served if a portion of the mid-year ordinary net income distribution was reclassified as long-term capital gains. No additional distribution of ordinary net income was made on ex-date December 13, 2018. In general, long term capital gains have a different tax treatment than ordinary net income distributions; please see your tax adviser for more information.

2019 Distribution Dates

Please note: future dates are subject to change.


Record Date
Ex, Pay and
Reinvest Date
Seafarer Overseas
Growth and Income Fund
(Frequency: Semi-annual)
Seafarer Overseas
Value Fund
(Frequency: Annual)
Mid-year Distribution 6/19/19 6/20/19 X
Year-end Distribution 12/11/19 12/12/19 X X

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Historical Distributions

Seafarer Overseas Growth and Income Fund

Ex, Pay and
Reinvest Date
Reinvest
NAV
Ordinary
Income
Short Term
Capital Gains
Long Term
Capital Gains
Total Distrib.
Per Share
Cumulative Distrib.
Per Share Since Inception
SFGIX (Investor Class)1
SIGIX (Institutional Class)1

Seafarer Overseas Value Fund

Ex, Pay and
Reinvest Date
Reinvest
NAV
Ordinary
Income
Short Term
Capital Gains
Long Term
Capital Gains
Total Distrib.
Per Share
Cumulative Distrib.
Per Share Since Inception
SFVLX (Investor Class)
SIVLX (Institutional Class)
  1. December 13, 2018 – The Seafarer Overseas Growth and Income Fund reclassified a portion of the ordinary net income distribution paid on June 21, 2018 as long term capital gains. For the reclassified June 2018 distribution, please see the Historical Distributions section. In June 2018, the Fund made a good faith estimate of the ordinary net income available for distribution, and declared and paid the mid-year distribution accordingly. However, subsequent taxable events and adjustments retroactively modified the assumptions used to compose the mid-year estimates. Accordingly, and based on a complete picture of the events occurring within the taxation period, the Fund determined that shareholders would be better served if a portion of the mid-year ordinary net income distribution was reclassified as long-term capital gains. No additional distribution of ordinary net income was made on ex-date December 13, 2018. In general, long term capital gains have a different tax treatment than ordinary net income distributions; please see your tax adviser for more information.

 

For more information on the Funds’ distribution policies, please see the “Dividends and Distributions” section of the Prospectus.

Should you have any questions, please contact Shareholder Services at (855) 732-9220 (Mon–Fri 9am–8pm ET).

Past performance is no guarantee of future results. There is no guarantee that the Funds will pay or continue to pay distributions.