Tax Information

This information is provided to assist in preparing income tax returns. The Client Relations Team can answer questions about your account, taxable distributions, or cost basis.

2013 Distributions

 

Select Value Fund
(HRSVX, HNSVX)

Value Plus Fund
(HRVIX, HNVIX)

Value Fund
(HRTVX, HNTVX)

International
Value Fund

(HINVX)

Record Date

12/26/2013

12/26/2013

12/26/2013

12/26/2013

Payable Date

12/27/2013

12/27/2013

12/27/2013

12/27/2013

Investor Class

 
Ordinary Dividend ($/share) 0.12467 0.16431 0.42958 0.48676
Short-Term Capital Gain ($/share) 0.40227 0.54157 1.17103 -
Long-Term Capital Gain ($/share) 5.04691 3.30825 3.98433 -

Institutional Class

 
Ordinary Dividend ($/share) 0.25238 0.28097 0.50608 -
Short-Term Capital Gain ($/share) 0.40227 0.54157 1.17103 -
Long-Term Capital Gain ($/share) 5.04691 3.30825 3.98433 -

Distributions are paid per share to anyone who is a shareholder on the record date, regardless of how long they have been invested. On the payable date, the share price of the Fund will be reduced by the amount of the distribution, and distributions will be paid as of market close.

Distributions are automatically reinvested unless you change your dividend distribution election.

2014 Distributions Calendar

 

Select Value Fund
(HRSVX, HNSVX)

Value Plus Fund
(HRVIX, HNVIX)

Value Fund
(HRTVX, HNTVX)

International
Value Fund

(HINVX)

Record Date

12/29/2014

12/29/2014

12/29/2014

12/29/2014

Payable Date

12/30/2014

12/30/2014

12/30/2014

12/30/2014

Historical Distributions

Select Value Fund
Value Plus Fund
Value Fund
International Value Fund

Form 1099-DIV Information

Taxable ordinary income, qualified dividends, and capital gains distributions are reported on Form 1099-DIV. Forms 1099-DIVs will be mailed by January 31, 2014. You will not receive a Form 1099-DIV if your distributions are less than $10.

Distributions are taxable whether you receive them in cash or have them reinvested in your account. Short-term capital gains are subject to ordinary income tax rates and will be treated as ordinary dividends on your tax returns.

Percentage of Income Derived from U.S. Government Securities

Some mutual funds invest in securities issued by the U.S. government or other federal agencies. Interest on these securities is exempt from state taxation. Certain states also exempt the dividend income a shareholder receives from a fund’s investment in U.S. government securities.

California, Connecticut, and New York require a mutual fund to maintain certain minimum investments in U.S. government securities in order for the dividend income to be exempt from state income tax.

During 2013, none of the Heartland Funds met these requirements. For 2013 tax returns filed in 2014, the percentage for each Fund is 0%.

Income Derived from Foreign Sources

During 2013, the Heartland International Value Fund earned income from foreign sources. The amount of foreign source income is calculated as a percentage of the ordinary dividend shown in Box 1 of Form 1099-DIV. For 2013 tax returns filed in 2014, the percentage to apply is 100%.

Cost Basis Reporting

Federal regulations require mutual funds to track and report to the IRS cost basis for shares purchased in taxable accounts on or after January 1, 2012. Generally, these shares are considered "covered shares." Shares purchased before January 1, 2012 are "noncovered shares."

If you purchased shares prior to January 1, 2012, Heartland maintains separate cost basis calculations:

  1. Covered shares
  2. Noncovered shares, if available

 

Covered Shares

Noncovered Shares

Purchased

After January 1, 2012

Before January 1, 2012

How Heartland Calculates Cost Basis

Average cost method

Average cost method

How Shares are Redeemed

First in, first out

First in, first out

Changing Cost Basis Election

See instructions to change your cost basis election

Not available

Form 1099-B

For regular taxable accounts, Heartland provides a Form 1099-B reporting the cost basis of any noncovered and covered shares.

The cost basis information for covered shares will be reported to the IRS, and you are required to use the information when preparing your individual tax return.

The cost basis information provided for noncovered shares is not required and is offered as a courtesy.

Who to Contact with Questions

Contact the Client Relations Team by calling 800-432-7856, or send an email. The Team is available 8 a.m. to 7 p.m. CT, Monday to Friday.

Account Access

Contact the Client Relations Team by email or at 800-432-7856.

Subscribe to Emails

Monthly e-news

Quarterly Fund factsheets and commentary

 

©2014 Heartland Funds
789 N. Water Street, Suite 500, Milwaukee, WI 53202
Business Office: 414-347-7777
Shareholders: 800-432-7856
The Heartland Funds are distributed by ALPS Distributors, Inc.

 

Until 10/1/2013, the International Value Fund was a series of the Trust for Professional Managers.

Neither Heartland Funds nor any of its representatives may give legal or tax advice. These are estimates and should not be used for year-end tax preparation. For guidance on a specific situation, investors should consult their tax adviser or legal counsel.

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