Distributions & Tax Information

($ per share)

2016 Supplemental Tax Information

2016 WEITZ FUNDS Tax Insert.pdf

The following funds had no distributions during 2016:  Value, Partners Value, Research & Hickory Funds.  Shareholders of these funds would not have received a Form 1099-DIV.

 

June 27, 2017 ESTIMATED Distributions
(per share, subject to change):

 

Fund Name
Record
Date
Ex & Pay
Date
Estimated Income
Estimated
Short-Term
Capital Gain
Estimated
Long-Term
Capital Gain
Value Fund - Institutional Class
6/27/17
6/28/17
None
None
Between 1.50 and 1.90
Value Fund - Investor Class
6/27/17
6/28/17
None
None
Between 1.50 and 1.90
Partners Value Fund - Institutional Class
6/27/17
6/28/17
None
None
None
Partners Value Fund - Investor Class
6/27/17
6/28/17
None
None
None
Partners III Opportunity Fund – Institutional Class
6/27/17
6/28/17
None
None
Between 0.40 and 0.60
Partners III Opportunity Fund – Investor Class
6/27/17
6/28/17
None
None
Between 0.40 and 0.60
Research Fund
6/27/17
6/28/17
None
Less than 0.05
None
Hickory Fund
6/27/17
6/28/17
None
Less than 0.05
Between 0.08 and 0.13
Balanced Fund
6/27/17
6/28/17
None
Less than 0.05
Between 0.10 and 0.15
Short-Intermediate Income Fund – Institutional Class 
6/27/17
6/28/17
Between 0.05
and 0.07
None
None
Short-Intermediate Income Fund – Investor Class
6/27/17
6/28/17
Between 0.05
and 0.07
None
None
Nebraska Tax-Free Income Fund
6/27/17
6/28/17
Between 0.03
and 0.05
None
None
Core Plus Income Fund - Institutional Class
6/27/17
6/28/17
Between 0.04
and 0.06
Less than 0.01
Less than 0.05
Core Plus Income Fund - Investor Class
6/27/17
6/28/17
Between 0.04
and 0.06
Less than 0.01
Less than 0.05

March 29, 2017 Distributions:

Fund Name
Record
Date
Ex & Pay
Date
Income
Short-Term
Capital Gain
Long-Term
Capital Gain
Total
Dist.
Re-invest
NAV
Core Plus Income Fund- Institutional Class
03/28/17
03/29/17
0.05600
n/a
n/a
0.05600
10.23
Core Plus Income Fund - Investor Class
03/28/17
03/29/17
0.05100
n/a
n/a
0.05100
10.23
Short Duration Income Fund - Institutional Class
03/28/17
03/29/17
0.06600
n/a
n/a
0.06600
12.29
Short Duration Income Fund - Investor Class
03/28/17
03/29/17
0.06000
n/a
n/a
0.06000
12.27
Nebraska Tax-Free Income Fund
03/28/17
03/29/17
0.03700
n/a
n/a
0.03700
9.90

December 28, 2016 Distributions:

Fund Name
Record
Date
Ex & Pay
Date
Income
Short-Term
Capital Gain
Long-Term
Capital Gain
Total
Dist.
Re-invest
NAV
Value Fund- Institutional Class
12/27/16
12/28/16
n/a
n/a
n/a
n/a
n/a
Value Fund - Investor Class
12/27/16
12/28/16
n/a
n/a
n/a
n/a
n/a
Partners Value Fund- Institutional Class
12/27/16
12/28/16
n/a
n/a
n/a
n/a
n/a
Partners Value Fund - Investor Class
12/27/16
12/28/16
n/a
n/a
n/a
n/a
n/a
Partners III Opportunity Fund - Institutional Class
12/27/16
12/28/16
n/a
n/a
n/a
n/a
n/a
Partners III Opportunity Fund - Investor Class
12/27/16
12/28/16
n/a
n/a
n/a
n/a
n/a
Hickory Fund
12/27/16
12/28/16
n/a
n/a
n/a
n/a
n/a
Balanced Fund
12/27/16
12/28/16
0.01770
0.10870
0.18590
0.31230
13.13
Core Plus Income Fund- Institutional Class
12/27/16
12/28/16
0.05900
0.10010
0.03210
0.19120
10.15
Core Plus Income Fund - Investor Class
12/27/16
12/28/16
0.05400
0.10010
0.03210
0.18620
10.15
Short Duration Income Fund - Institutional Class
12/27/16
12/28/16
0.06600
0.02540
0.00800
0.09940
12.26
Short Duration Income Fund - Investor Class
12/27/16
12/28/16
0.05900
0.02540
0.00800
0.09240
12.24
Nebraska Tax-Free Income Fund
12/27/16
12/28/16
0.04100
n/a
n/a
0.04100
9.85

September 28, 2016 Distributions:

Fund Name
Record
Date
Ex & Pay
Date
Income
Short-Term
Capital Gain
Long-Term
Capital Gain
Total
Dist.
Re-invest
NAV
Core Plus Income Fund- Institutional Class
09/27/16
09/28/16
0.06900
0.00000
0.00000
0.06900
10.52
Core Plus Income Fund - Investor Class
09/27/16
09/28/16
0.06300
0.00000
0.00000
0.06300
10.52
Short Duration Income Fund - Institutional Class
09/27/16
09/28/16
0.06600
0.00000
0.00000
0.06600
12.44
Short Duration Income Fund - Investor Class
09/27/16
09/28/16
0.05900
0.00000
0.00000
0.05900
12.42
Nebraska Tax-Free Income Fund
09/27/16
09/28/16
0.04400
0.00000
0.00000
0.04400
10.06

June 28, 2016 Distributions:

Fund Name
Record
Date
Ex & Pay
Date
Income
Short-Term
Capital Gain
Long-Term
Capital Gain
Total
Dist.
Re-invest
NAV
Value Fund- Institutional Class
06/27/16
06/28/16
n/a
n/a
n/a
n/a
n/a
Value Fund - Investor Class
06/27/16
06/28/16
n/a
n/a
n/a
n/a
n/a
Partners Value Fund- Institutional Class
06/27/16
06/28/16
n/a
n/a
n/a
n/a
n/a
Partners Value Fund - Investor Class
06/27/16
06/28/16
n/a
n/a
n/a
n/a
n/a
Partners III Opportunity Fund - Institutional Class
06/27/16
06/28/16
n/a
n/a
0.19360
0.19360
13.34
Partners III Opportunity Fund - Investor Class
06/27/16
06/28/16
n/a
n/a
0.19360
0.19360
13.10
Hickory Fund
06/27/16
06/28/16
n/a
n/a
n/a
n/a
n/a
Balanced Fund
06/27/16
06/28/16
0.01690
n/a
0.09850
0.11540
13.16
Core Plus Income Fund- Institutional Class
06/27/16
06/28/16
0.06900
n/a
n/a
0.06900
10.46
Core Plus Income Fund - Investor Class
06/27/16
06/28/16
0.06500
n/a
n/a
0.06500
10.46
Short Duration Income Fund - Institutional Class
06/27/16
06/28/16
0.06700
n/a
0.00290
0.06990
12.42
Short Duration Income Fund - Investor Class
06/27/16
06/28/16
0.05900
n/a
0.00290
0.06190
12.40
Nebraska Tax-Free Income Fund
06/27/16
06/28/16
0.04400
n/a
n/a
0.04400
10.13

March 29, 2016 Distributions:

Fund Name
Record
Date
Ex & Pay
Date
Income
Short-Term
Capital Gain
Long-Term
Capital Gain
Total
Dist.
Re-invest
NAV
Core Plus Income Fund- Institutional Class
03/28/16
03/29/16
0.07000
n/a
n/a
0.07000
10.12
Core Plus Income Fund - Investor Class
03/28/16
03/29/16
0.06500
n/a
n/a
0.06500
10.12
Short Duration Income Fund - Institutional Class
03/28/16
03/29/16
0.06300
n/a
n/a
0.06300
12.28
Short Duration Income Fund - Investor Class
03/28/16
03/29/16
0.05500
n/a
n/a
0.05500
12.26
Nebraska Tax-Free Income Fund
03/28/16
03/29/16
0.04100
n/a
n/a
0.04100
10.11
 

2016 Supplemental Tax Information

 
Value
Partners
Value
NASDAQ Symbol
WVAIX
WVALX
WPVIX
WPVLX
CUSIP
94904P856
94904P203
94904P849
94904P609
Per Share Information:
 
 
 
 
 Capital Gain
n/a
n/a
n/a
n/a
 Ordinary Income
n/a
n/a
n/a
n/a
 Total Distributions
n/a
n/a
n/a
n/a
U.S. Treasury Income*
n/a
n/a
n/a
n/a
U.S. Government Agency Income
n/a
n/a
n/a
n/a
Total U.S. Treasury/Government Agency Income
n/a
n/a
n/a
n/a
Qualified Dividends
n/a
n/a
n/a
n/a
 
Partners III Opportunity
Research
Hickory
Balanced
NASDAQ Symbol
WPOPX
WPOIX
WRESX
WEHIX
WBALX
CUSIP
94904P708
94904P872
94904P880
94904P500
94904P104
Per Share Information:
 
 
 
 
 
 Capital Gain
$0.1936
$0.1936
n/a
n/a
$0.2844
 Ordinary Income
n/a
n/a
n/a
n/a
$0.1433
 Total Distributions
$0.1936
$0.1936
n/a
n/a
$0.4277
U.S. Treasury Income*
n/a
n/a
n/a
n/a
14.22%
U.S. Government Agency Income
n/a
n/a
n/a
n/a
0.09%
Total U.S. Treasury/Government Agency Income
n/a
n/a
n/a
n/a
14.31%
Qualified Dividends
n/a
n/a
n/a
n/a
83.34%
 
Core Plus Income
Short Duration Income
Ultra Short Government Fund
NASDAQ Symbol
WCPBX
WCPNX
WEFIX
WSHNX
SAFEX
CUSIP
94904P831
94904P823
94904P302
94904P864
94904P401
Per Share Information:
 
 
 
 
 
 Capital Gain
$0.0321
$0.0321
$0.0109
$0.0109
n/a
 Ordinary Income
$0.3671
$0.3471
$0.2874
$0.2574
$0.0153^
 Total Distributions
$0.3992
$0.3792
$0.2983
$0.2683
$0.0153^
U.S. Treasury Income*
12.48%
12.48%
8.55%
8.55%
93.83%
U.S. Government Agency Income
0.09%
0.09%
0.10%
0.10%
2.16%
Total U.S. Treasury/Government Agency Income
12.57%
12.57%
8.65%
8.65%
95.99%
Qualified Dividends
0.02%
0.02%
0.00%
0.00%
n/a
U.S. Treasury and Government Agency Obligations
Mutual fund dividends that include income from certain U.S. Treasury and Government Agency obligations may be exempt from state income taxes. A portion of the ordinary income dividends paid to you by the Weitz Funds may qualify for this pass-through exemption. State law varies as to whether and what percentage of dividend income attributable to Federal obligations is exempt from state income tax. Please consult your tax adviser for more information.
Qualified Dividends
The amount eligible for qualified dividend treatment is shown above as a percentage of total ordinary income. This amount is reported to you on your Form 1099-DIV, Box 1b. Qualified dividends are taxed at a maximum federal tax rate of 20%. A shareholder must satisfy a 61-day holding period with respect to any distributions of qualifying dividends in order to obtain the benefit of the lower tax rate. Please consult your tax adviser for more information.
Corporate Dividends Received Deduction
The amount eligible for the corporate dividends received deduction as a percentage of total ordinary income is: Balanced – 83.34%; Core Plus Income – 0.02%; Short Duration Income – 0.00%. [This information is relevant only to corporate shareholders and does not apply to non-corporate shareholders.]
Form 1099-DIV
Distributions of less than $10 are not required to be reported on Form 1099-DIV. These amounts are reported to you on your year-end account statement and are required to be included on your income tax return.
*Income attributable from investments in U.S. Treasury securities expressed as a percentage of ordinary income.
Income attributable from investments in U.S. Government Agency issues expressed as a percentage of ordinary income. (Federal Home Loan Banks and Federal Farm Credit Banks)
^Per share amount has been adjusted to reflect a 1-for-10 reverse stock split.

 

Nebraska Tax-Free Income
NASDAQ Symbol: WNTFX
CUSIP: 94904P807

Per Share Information
Capital Gain
n/a
Ordinary Income
$0.0021
Tax-Exempt
$0.1679
Total Distributions
$0.1700
State
Tax Exempt Interest Dividends by State
Assets by State
Arizona
  1.00%
       -%
Florida
  5.28
  1.69
Illinois
  0.73
  0.58
Iowa
  1.20
  1.38
Nebraska
   89.59  
 91.66
Texas
  1.95
  0.19

Tax-Exempt Interest Dividends
Of the tax-exempt interest dividends reported to you on your Form 1099-DIV, Box 10, 100% is tax-exempt for federal income tax purposes. A portion of these tax-exempt interest dividends may also be exempt from state or local tax, depending on the state and local tax laws that apply where you file your return. For Nebraska residents, 89.59% of the amount reported in Box 10 is exempt from Nebraska income tax. Please consult your tax adviser for more information.
Alternative Minimum Tax
A portion of the tax-exempt interest dividends is from private activity bonds issued after August 7, 1986, and is a tax preference item subject to the Federal Alternative Minimum Tax. Your share of the tax-exempt interest dividends for such bonds is 2.10% of the amount reported on Form 1099-DIV, Box 10. This amount is reported to you on your Form 1099-DIV, Box 11.
Assets by State
State and local governments may require residents to pay intangible or personal property tax on investments. The table above provides the percentage of assets that the Nebraska Tax-Free Income Fund had invested in each state at the end of 2016. Please consult your tax adviser for more information.
Ordinary Interest Dividends
A portion of the total dividends paid by the Nebraska Tax-Free Income Fund is considered taxable for federal and state income tax purposes. This amount is reported to you on your Form 1099-DIV, Box 1a, if applicable.
U.S. Treasury and Government Agency Obligations
Mutual fund dividends that include income from certain U.S. Treasury and Government Agency obligations may be exempt from state income taxes. A portion of the ordinary income dividends paid to you by the Weitz Funds may qualify for this pass-through exemption. State law varies as to whether and what percentage of dividend income attributable to Federal obligations is exempt from state income tax. Please consult your tax adviser for more information.
*Income attributable from investments in U.S. Treasury securities expressed as a percentage of ordinary income.
Income attributable from investments in U.S. Government Agency issues expressed as a percentage of ordinary income. (Federal Home Loan Banks and Federal Farm Credit Banks)