NEWS RELEASE
For additional information: Johanna Thornblad Stephanie Linkous
V.P. Communications Asst. V.P. Communications
(210) 308-1237 (210) 308-1214
For Immediate Release:
Quotron:ACBGX
BONNEL GROWTH FUND PAYS OUT EARLY DIVIDEND
San Antonio, Texas -- November 21, 1996 U.S. Global Investors, Inc. (U.S.
Global) announces that the Bonnel Growth Fund will make a distribution estimated
to be between $.16 and $.17 per share, representing both long-term capital gains
and short-term capital gains (taxable as ordinary income), to shareholders of
record as of November 25, 1996. The realized capital gains are direct result of
the healthy one year return of over 21%(1). The total return for the Fund since
inception is over 35%.
Record date: November 25
Ex-dividend date: November 26
Payable date: November 26
The early dividend payment will enable investors to buy into the Bonnel Growth
Fund earlier without paying taxes on gains they did not actually earn during the
past year. The early payment will also allow investors to proceed with their
year-end investment and tax planning strategies and invest in the Fund prior to
one of the most profitable times of the year. According to the Stock Traders
Almanac, investors can take advantage of a market that, since 1952, has often
delivered an average gain of 1.68% during the last five days of December and
first two days of January(2).
U.S. Global Investors, Inc. is a public company based in San Antonio, Texas.
U.S. Global and its subsidiaries manage and/or administer approximately $1.5
billion in mutual fund and trust assets, including United Services Funds and
Accolade Funds. The Company's stock is traded in the NASDAQ Stock Market.
Additional information on the company can be obtained from our Web site at
http://www.us-global.com.
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(1) Return 10/1/95 through 9/30/96. Commencement of Fund 10/17/94 through
9/30/96. Investment returns and principal value will fluctuate so that you may
have a gain or a loss when you sell shares. (2) 7.1% percent rally 30 out of
last 42 years. Past performance is no guarantee of future results.
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