TAX & YEAR END INFORMATION

We provide this tax information about the Polaris Global Value Fund for your reference, including distribution data and foreign source income.

FOR THE POLARIS GLOBAL VALUE FUND:

2016 POLARIS GLOBAL VALUE FUND DISTRIBUTION*

2016 POLARIS GLOBAL VALUE FUND SUPPLEMENTAL TAX INFO – FOREIGN SOURCE INCOME


*Please note that the net asset value (price) of the Polaris Global Value Fund will be reduced by the amount of the distribution. Most shareholders reinvest their distribution to purchase more shares. After reinvesting the distribution, the shareholders will own more shares at the lower price, making the value of their respective accounts equal to their value just prior to the distribution.