Historical Per-Share Distributions Paid By Marathon Value Portfolio:
|Year||Ex-Dividend Date||Ordinary Income||Short-Term Capital Gain||Long-Term Capital Gain||Reinvestment NAV|
|2008 (2)||Dec. 23||0.02480||None||None||11.38|
|2008 (1)||Dec. 19||0.16630||0.01400||None||11.64|
On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won’t get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.
Ordinary income is composed mainly of wages, salaries, commissions and interest income from bonds, and it is taxable using ordinary income rates. This type of income differs from capital gains in that it can only be offset with standard tax deductions, while capital gains can only be offset with capital losses.
Short-Term Capital Gain
Short-term capital gains occur on securities held for one year or less. These gains are taxed as ordinary income based on the individual’s tax filing status and adjusted gross income.
Long-Term Capital Gain
Long-term capital gains occur on securities held for more than one year. Long-term capital gains are usually taxed at a lower rate than regular income.
Reinvestment in a mutual fund is the reinvestment of distributions and dividends to purchase additional units of that fund. Net asset value (NAV) is the value per share of a mutual fund on a specific date or time. The per-share dollar amount of the fund is based on the total value of all the securities in its portfolio, fund liabilities if any, and the number of fund shares outstanding. NAV per share is computed once per day based on the closing market prices of the securities in the fund’s portfolio.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Marathon Value Portfolio (the “Fund”). This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 1-800-788-6086 or going to http://www.marathonvalue.com. The prospectus should be read carefully before investing. The Fund is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC.