Midas Discovery: (Ticker: MIDSX) seeks primarily capital appreciation and protection against inflation and, secondarily, current income.
Under normal circumstances, in pursuit of its investment objectives, the Fund’s investment strategy is to invest principally in (i) securities (e.g., common and preferred stocks, bonds, convertible securities, etc.) of companies primarily involved, directly or indirectly, in the business of mining, processing, fabricating, distributing or otherwise dealing in gold, silver, platinum, other precious metals, or other natural resources (“Natural Resources Companies”); and (ii) gold, silver, and platinum bullion and coins; provided, however, that the Fund may invest in any type of equity security (e.g., common and preferred stocks) and in companies of any size, industry or sector, including both domestic and foreign companies, that the Fund's investment adviser, Midas Management Corporation (the “Investment Manager”) believes may achieve the Fund’s investment objectives. Up to 35% of the Fund’s total assets may be invested in fixed income securities of any issuer, including U.S. government securities, of any credit quality or maturity, although Midas Discovery has no current intention of investing more than 5% of its total assets in fixed income securities rated less than investment grade (also known as “junk bonds”). Midas Discovery concentrates its investments by investing at least 25% of its total assets in Natural Resources Companies.
Midas Discovery invests in securities of companies involved in the business of mining, processing, fabricating, distributing or otherwise dealing in natural resources and precious metals. Midas Discovery is subject to risks including, but not limited to, those associated with market fluctuations, foreign investment, non-diversification, concentration, investments in gold, silver, platinum, and other precious metals, natural resource companies, depletion and exploration risk, and in-kind redemptions.
You should carefully consider the investment objectives, risks, charges and expenses of Midas Discovery by reading the prospectus carefully before investing or sending money. For more detailed information about the investment risks associated with Midas Discovery, please read “Principal Risks of Investing in the Fund,” and “Investment Objectives, Principal Investment Strategies, Related Risks, and Disclosure of Portfolio Holdings” in the free prospectus, which contains this and other important information about Midas Discovery. To obtain a copy of the prospectus, please contact us at 800-400-6432 or download it here.
MIDAS SPECIAL OPPORTUNITIES (Ticker: MISEX) seeks capital appreciation. Midas Special opportunities normally will exercise a flexible strategy in the selection of securities and usually will not be limited by the issuer’s location, size, or market capitalization. Midas Special Opportunities may invest in equity and fixed income securities of new and seasoned U.S. and foreign issuers with no minimum rating, including securities convertible into common stock, debt securities, futures, options, derivatives, and other instruments. Midas Special Opportunities also may employ aggressive and speculative investment techniques, such as selling securities short and borrowing money for investment purposes, a practice known as “leveraging” and may invest defensively in cash, bank deposits, money market funds, money market securities of U.S. and foreign issuers, short term bonds, repurchase agreements, or similar investments. The Fund may invest in fixed income securities of any issuer, including U.S. government securities, of any credit quality or maturity, although the Fund has no current intention of investing more than 5% of its total assets in fixed income securities rated less than investment grade. The Fund also may lend portfolio securities to brokers, dealers, and other financial institutions. A security is typically sold when its potential to meet the Fund’s investment objective is limited or exceeded by another potential investment, when an investment in an issuer no longer appears to meet the Fund’s investment objective, or when Midas Special Opportunities must raise cash to meet shareholder redemptions. In seeking to enhance returns, Midas Special Opportunities may use futures, options, and short sales and may use leverage to the extent permitted under the Investment Company Act of 1940, as amended.
To achieve the Fund’s investment objective, the Investment Manager may use a seasonal investing strategy to invest the Fund’s assets to gain exposure to the securities markets during periods anticipated to be favorable based on patterns of investor behavior as driven by and related to accounting periods, taxable events, and other calendar related phenomena. The Investment Manager’s analysis also takes into consideration those periods during the year in which it anticipates that investors are more likely to invest additional money into the securities markets. These periods can be related to accounting periods and may be further refined by considerations of tax cycles, holidays, and other factors. Midas Special Opportunities may trade securities actively in pursuit of its investment objective
You should carefully consider the investment objectives, risks, charges and expenses of Midas Special Opportunities by reading the prospectus carefully before investing or sending money. For investment risks associated with Midas Special Opportunities, please read “Principal Risks of Investing in the Fund,” and “Investment Objectives, Principal Investment Strategies, Related Risks, and Disclosure of Portfolio Holdings” in the free prospectus, which contains this and other important information about Midas Special Opportunities. To obtain a copy of the prospectus, please contact us at 800-400-6432 or download it here.
Foxby Corp. (Stock Symbol: FXBY | Net Asset Value Symbol: XFXBX) is a non-diversified, closed end management investment company. The Fund’s non-fundamental investment objective is total return which it may seek from growth of capital and from income in any security type and in any industry sector. In seeking its objective, the Fund exercises a flexible strategy in the selection of securities and is not limited by the issuer’s location, size, or market capitalization. The Fund may invest in equity and fixed income securities of new and seasoned U.S. and foreign issuers, including securities convertible into common stock, debt securities, futures, options, derivatives, and other instruments. The Fund also may employ aggressive and speculative investment techniques, such as selling securities short and borrowing money for investment purposes, a practice known as “leveraging,” and may invest defensively in short term, liquid, high grade securities and money market instruments. There is no assurance the Fund will achieve its investment objective.