Tax Information

This information is provided to assist in preparing income tax returns. Contact your Heartland Relationship Manager with questions about your account, taxable distributions, or cost basis.

2016 Tax Distributions

  • Investor Class
  • Institutional Class

Select Value
(HRSVX) 


Mid Cap
Value

(HRMDX)

Value Plus
(HRVIX)

Value
(HRTVX)


International
Value

(HINVX)

Record
Date
12/28/2016
12/28/201612/28/201612/28/2016
12/28/2016
Payable
Date
12/29/2016
12/29/201612/29/201612/29/2016
12/29/2016
Short-Term
Capital Gain
($/share)
-
---
-
Long-Term
Capital Gain
($/share)
3.55079
--1.43802
-
Ordinary
Dividend
($/share)
0.32901
0.081740.19593-
0.13541

Select Value
(HNSVX)

Mid Cap Value
(HNMDX)

Value Plus
(HNVIX)

Value
(HNTVX)

Record Date12/28/201612/28/201612/28/201612/28/2016
Payable Date12/29/201612/29/201612/29/201612/29/2016
Short-Term Capital Gain ($/share)----
Long-Term Capital Gain ($/share)3.55079--1.43802
Ordinary Dividend ($/share)0.403960.084420.22625-

2017 Distributions Calendar


Select Value

Mid Cap Value

Value Plus

Value

International Value

Record Date12/27/201712/27/201712/27/201712/27/201712/27/2017
Payable Date12/28/201712/28/201712/28/201712/28/201712/28/2017

Form 1099-DIV Information

Taxable ordinary income, qualified dividends, and capital gains distributions are reported on Form 1099-DIV. Forms 1099-DIVs will be mailed by January 31, 2017. You will not receive a Form 1099-DIV if your distributions are less than $10.

Distributions are taxable whether you receive them in cash or have them reinvested in your account. Short-term capital gains are subject to ordinary income tax rates and will be treated as ordinary dividends on your tax returns.

Percentage of Income Derived from U.S. Government Securities

Some mutual funds invest in securities issued by the U.S. government or other federal agencies. Interest on these securities is exempt from state taxation. Certain states also exempt the dividend income a shareholder receives from a fund’s investment in U.S. government securities.

California, Connecticut, and New York require a mutual fund to maintain certain minimum investments in U.S. government securities in order for the dividend income to be exempt from state income tax.

For 2016 tax returns filed in 2017, the percentage for each Fund is 0%.

Income Derived from Foreign Sources

During 2015, the Heartland International Value Fund earned income from foreign sources. The amount of foreign source income is calculated as a percentage of the ordinary dividend shown in Box 1 of Form 1099-DIV. For 2016 tax returns filed in 2017, the percentage to apply is 100%.

Cost Basis Reporting

Federal regulations require mutual funds to track and report to the IRS cost basis for shares purchased in taxable accounts on or after January 1, 2012. Generally, these shares are considered "covered shares." Shares purchased before January 1, 2012 are "noncovered shares."

If you purchased shares prior to January 1, 2012, Heartland maintains separate cost basis calculations:


Covered Shares
Noncovered Shares
PurchasedAfter January 1, 2012
Before January 1, 2012
How Heartland Calculates Cost BasisAverage cost method
Average cost method
How Shares are RedeemedFirst in, first out
First in, first out
Changing Cost Basis ElectionSee instructions to change your cost basis election
Not available

Form 1099-B

For regular taxable accounts, Heartland provides a Form 1099-B reporting the cost basis of any noncovered and covered shares.

The cost basis information for covered shares will be reported to the IRS, and you are required to use the information when preparing your individual tax return.

The cost basis information provided for noncovered shares is not required and is offered as a courtesy.

Historical Distributions Information

Distributions are paid per share to anyone who is a shareholder on the record date, regardless of how long they have been invested. On the payable date, the share price of the Fund will be reduced by the amount of the distribution, and distributions will be paid as of market close.

Distributions are automatically reinvested unless you change your dividend distribution election.

Select Value Fund

  • Investor Class
  • Institutional Class
Record
Date
Payable
Date
                   Ordinary Dividend
($/share)
Short-Term Capital
Gain ($/share)
Long-Term Capital
Gain ($/share)
12/28/201612/29/2016
0.32901-3.55079
12/28/201512/29/2015
0.29471-2.69596
12/29/201412/30/2014
0.13505-3.73090
12/26/201312/27/2013
0.124670.402275.04691
12/26/201212/27/2012
0.13263-1.00166
12/28/201112/29/2011
0.128132-0.293044
12/28/201012/29/2010
0.157125--
12/28/200912/29/2009
0.141912--
12/26/200812/29/2008
0.131279--
  3/28/2008  3/31/2008
0.000424--
12/26/200712/27/2007
0.1728240.1872782.233630
Record
Date
Payable
Date
                Ordinary Dividend
($/share)
Short-Term Capital
Gain ($/share)
Long-Term Capital
Gain ($/share)
12/28/201612/29/2016
0.40396-3.55079
12/28/201512/29/2015
0.37470-2.69596
12/29/201412/30/2014
0.25584-3.73090
12/26/201312/27/2013
0.252380.402275.04691
12/26/201212/27/2012
0.24740-1.00166
12/28/201112/29/2011
0.226517-0.293044
12/28/201012/29/2010
0.227143--
12/28/200912/29/2009
0.205304--
12/26/200812/29/2008
0.204619--
  • Investor Class
  • Institutional Class
Record
Date
Payable
Date
            Ordinary Dividend
($/share)
Short-Term Capital
Gain ($/share)
Long-Term Capital
Gain ($/share)
12/28/201612/29/2016
0.08174--
12/28/201512/29/2015
0.065890.098230.00205
12/29/201412/30/2014
0.03173--
Record
Date
Payable
Date
            Ordinary Dividend
($/share)
Short-Term Capital
Gain ($/share)
Long-Term Capital
Gain ($/share)
12/28/201612/29/2016
0.08442--
12/28/201512/29/2015
0.124790.098230.00205
12/29/201412/30/2014
0.02329--
  • Investor Class
  • Institutional Class
Record
Date
Payable
Date
   Ordinary Dividend
($/share)
Short-Term Capital
Gain ($/share)
Long-Term Capital
Gain ($/share)
12/28/201612/29/2016
0.19593--
12/28/201512/29/2015
0.20797-1.90702
12/29/201412/30/2014
0.068250.300142.84734
12/26/201312/27/2013
0.164310.541573.30825
12/26/201212/27/2012
0.356680.208640.60760
12/28/201112/29/2011
0.183006-0.319936
12/30/201012/31/2010
0.078769--
12/28/201012/29/2010
--0.160541
  3/30/2010  3/31/2010
0.019995--
  3/30/2010  3/31/2010
0.001223--
12/30/200912/31/2009
0.081006--
  9/29/2009  9/30/2009
0.016893--
  6/29/2009  6/30/2009
0.013335--
  3/30/2009  3/31/2009
0.074305--
  9/29/2008  9/30/2008
0.023100--
  6/27/2008  6/230/2008
0.031991--
  3/28/2008  3/31/2008
0.048473--
12/26/200712/27/2007
-0.3661033.707176
  9/27/2007  9/28/2007
0.2185340.2135930.602828
  6/28/2007  6/29/2007
0.047600--
  3/29/2007  3/30/2007
0.154655--
Record
Date
Payable
Date
  Ordinary Dividend
($/share)
Short-Term Capital
Gain ($/share)
Long-Term Capital
Gain ($/share)
12/28/201612/29/2016
0.22625--
12/28/201512/29/2015
0.31363-1.90702
12/29/201412/30/2014
0.181330.300142.84734
12/26/201312/27/2013
0.280970.541573.30825
12/26/201212/27/2012
0.452430.208640.60760
12/28/201112/29/2011
0.284872-0.319936
12/30/201012/31/2010
0.138722--
12/28/201012/29/2010
--0.160541
  3/30/2010  3/31/2010
0.032692--
  3/30/2010  3/31/2010
0.013036--
12/30/200912/31/2009
0.093645--
  9/29/2009  9/30/2009
0.026711--
  6/29/2009  6/30/2009
0.022818--
  3/30/2009  3/31/2009
0.118031--
  9/29/2008  9/30/2008
0.038800--
  6/27/2008  6/30/2008
0.039712--
  • Investor Class
  • Institutional Class
Record
Date
Payable
Date
    Ordinary Dividend
($/share)
Short-Term Capital
Gain ($/share)
Long-Term Capital
Gain ($/share)
12/28/2016 12/29/2016   - - 1.43802
12/28/2015 12/29/2015   0.13994 - 2.82914
12/29/2014 12/30/2014   0.22288 1.11429 4.12240
12/26/2013 12/27/2013   0.42958 1.17103 3.98433
12/26/2012 12/27/2012   - 0.17740 2.74405
12/28/2011 12/29/2011   - 0.675954 1.798273
12/28/2010 12/29/2010   - 0.058470 -
  3/28/2008   3/31/2008   - - 0.084234
12/26/2007 12/27/2007   0.239182 0.710262 5.923943

No distributions were paid in 2009.
 

Record
Date
Payable
Date
    Ordinary Dividend
($/share)
Short-Term Capital
Gain ($/share)
Long-Term Capital
Gain ($/share)
12/28/2016 12/29/2016   - - 1.43802
12/28/2015 12/29/2015   0.20977 - 2.82914
12/29/2014 12/30/2014   0.30599 1.11429 4.12240
12/26/2013 12/27/2013   0.50608 1.17103 3.98433
12/26/2012 12/27/2012   - 0.17740 2.74405
12/28/2011 12/29/2011   - 0.675954 1.798273
12/28/2010 12/29/2010   - 0.058470 -

No distributions were paid in 2008 and 2009.
 

International Value Fund

Record
Date
Payable
Date
                Ordinary Dividend
($/share)
Short-Term Capital
Gain ($/share)
Long-Term Capital
Gain ($/share)
12/28/201612/29/2016
0.13541--
12/28/201512/29/2015
0.05090-0.08892
12/29/201412/23/2014
0.65792-0.11684
12/26/201312/27/2013
0.48676--
12/26/201212/27/2012
0.17798--
12/26/201112/28/2011
0.03972--

©2017 Heartland Advisors | 789 N. Water Street, Suite 500, Milwaukee, WI 53202 | Business Office: 414-347-7777 | Financial Professionals: 888-505-5180 | Individual Investors: 800-432-7856

The above individuals are registered representatives of ALPS Distributors, Inc.

Investment Management Consultants Association is the owner of the certification mark “CIMA®,” the service marks “Certified Investment Management Analysts(SM),” “Investment Management Consultants Association(SM),” and “IMCA®.” Use of CIMA® or Certified Investment Management Analyst(SM) signifies the user has successfully completed IMCA’s initial and ongoing credentialing requirements for investment management consultants.

The Heartland Funds are distributed by ALPS Distributors, Inc.

Neither Heartland nor any of its representatives may give legal or tax advice. For guidance on a specific situation, investors should consult their tax adviser or legal counsel.

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