Tax Information

It is the Funds’ policy to make periodic distributions of net investment income and net realized capital gains, if any.

Unless you elect otherwise, your ordinary income dividends and capital gain distributions will be reinvested in additional shares of the same share class of the Fund at net asset value calculated as of the payment date.

Fund distributions are taxable and will be taxed as ordinary income or capital gains, unless you are investing through a tax-deferred account, such as a 401(k) plan or an individual retirement account. See the Information on Dividends, Distributions and Taxes section of the Fund’s Prospectus for more information.

The Funds pay ordinary income dividends and capital gains distributions on a per-share basis. As a result, on the ex-dividend date of such a payment, the net asset value of the Funds will be reduced by the amount of the payment.

As a supplement to their annual distributions of net investment income and net realized capital gains (which are intended to assure compliance with Subchapter M of the Internal Revenue Code of 1956, as amended), certain Funds make regular distributions of net investment income throughout the year. In particular, Global Income Builder Fund, High Yield Municipal Fund and Short Duration High Yield Municipal Fund intends to make regular, monthly distributions.

Ordinary Income and capital gains from the Global, Overseas, U.S. Value, Gold, Rising Dividend, Small Cap Opportunity, Global Real Assets and U.S. Smid Cap Opportunity Funds are generally paid at year-end and reinvested at NAV or paid in cash. The High Yield Municipal, Short Duration High Yield Municipal and Global Income Builder Funds distribute ordinary income dividends on a monthly basis and capital gains are made at year-end and reinvested at NAV or paid in cash. Rising Dividend Fund distributes ordinary income dividends on a quarterly basis and capital gains distributions are made at year-end and reinvested at NAV or paid in cash.  

*If a fund pays out more in distributions than it earned during the year, you do not owe tax on your share of the excess amount, which is called a “nontaxable distribution” or “return of capital.” We report this type of distribution in Box 3 of Form 1099-DIV. You will need to subtract any amounts reported in Box 3 of Form 1099-DIV from the cost basis of your shares. For more information please see the following link to the IRS website: https://www.irs.gov/publications/p550/ch01.html#en_US_2015_publink100010092.

This supplementary information is intended to assist you in accumulating the data to prepare your income tax returns and are not to be construed as tax advice. We suggest that you consult your tax adviser to discuss the appropriate treatment of your transactions.

1. The First Eagle Rising Dividend Fund was known as the First Eagle Fund of America prior to March 1, 2023.

Related Materials

2023 Supplemental Tax Information