AMENDMENT DATED JUNE 10, 1999
TO THE PROSPECTUS OF
THE AEGIS VALUE FUND, INC.
DATED OCTOBER 30, 1998
The Fund's prospectus is hereby amended to delete any reference to the
Fund's redemption fee, including the entire description beginning on page 21
in the section entitled "Redemption Fee".
Effective June 10, 1999 the Fund will no longer charge any redemption fee
on shares of the Fund held for a period of less than two years. Therefore,
the prospectus section "How to Redeem Shares" beginning on page 19 is hereby
amended to delete the phrase "less any redemption fee for shares held less
than two years (see "Redemption Fee" below)" from the second sentence of that
section.
The table of Fund expenses on page 4 of the prospectus is hereby amended
as follows:
Shareholder Transaction Expenses
Max. Sales Load Imposed on Purchases None
Max. Sales Load Imposed on Reinvested Dividends None
Redemption Fee None
Annual Fund Operating Expenses (as a percentage of average daily net assets)
Management Fees 1.20%
12b-1 Fees None
Other Expenses (after waivers) 0.30%
Total Fund Operating Expenses (after waivers) 1.50%
Example
You would pay the following expenses 1Year 3 Years
on a $1,000 investment, assuming (1) a 5%
annual return, and (2) redemption at the $15 $47
end of each time period:
You would pay the following expenses
on the same investment, assuming no $15 $47
redemption:
Please keep this amendment for future reference.