Heartland Advisors

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.

Heartland determines each fund's taxable income and capital gains after mailing shareholder annual statements. At year-end, it is sometimes necessary to adjust the character of a fund's distributions to properly reflect the fund's actual taxable income and capital gain for the year. This process is known as reallocation. As such, the information provided on your annual statement and Form 1099-DIV may differ. The 1099-DIV has the final information and is what should be used for tax reporting.

2023 Tax Distribution

  • Investor Class
  • Institutional Class
 

Mid Cap Value
(HRMDX)

Value Plus
(HRVIX)

Value
(HRTVX)
Record Date 12/26/2023 12/26/2023 12/26/2023
Payable Date 12/27/2023 12/27/2023 12/27/2023
Short-Term Capital Gain
($/share)		 0.00757 - -
Long-Term Capital Gain
($/share)		 0.16370 0.20363 2.20840
Ordinary Dividend ($/share) 0.09453 0.32742 0.33420
 

Mid Cap Value
(HNMDX)

Value Plus
(HNVIX)

Value
(HNTVX)
Record Date 12/26/2023 12/26/2023 12/26/2023
Payable Date 12/27/2023 12/27/2023 12/27/2023
Short-Term Capital Gain
($/share)		 0.00757 - -
Long-Term Capital Gain
($/share)		 0.16370 0.20363 2.20840
Ordinary Dividend
($/share)		 0.12707 0.42851 0.41519

*See prospectus for additional information. 


2024 Distributions Calendar

 

Mid Cap Value

Value Plus

Value
Record Date 12/19/2024 12/19/2024 12/19/2024
Payable Date 12/20/2024 12/20/2024 12/20/2024

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, 2024. 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 may be exempt from state taxation. Certain states also exempt the dividend income a shareholder receives from a fund’s investment in U.S. government securities.

During 2023, for tax returns filed in 2024, the Heartland Mid Cap Value, Value Plus and Value Funds received 0.00% of eligible income.

Income Derived from Foreign Sources

During 2023, none of the Heartland Funds were eligible for the foreign tax credit.

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 Distribution 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.

Mid Cap Value Fund

  • Investor Class
  • Institutional Class
Record
Date		 Payable
Date		              Ordinary Dividend
($/share)		 Short-Term Capital
Gain ($/share)		 Long-Term Capital
Gain ($/share)
12/26/2023 12/27/2023   0.09453 0.00757 0.16370
12/27/2022 12/28/2022   0.06945 - 0.60608
12/28/2021 12/29/2021   0.12058 1.00490 2.10121
12/28/2020 12/29/2020   0.05786 - -
12/26/2019 12/27/2019   0.09830 - 0.17885
12/27/2018 12/28/2018   0.13413 0.28817 0.54456
12/27/2017 12/28/2017   0.09048 0.19499 0.50601
12/28/2016 12/29/2016   0.08174 - -
12/28/2015 12/29/2015   0.06589 0.09823 0.00205
12/29/2014 12/30/2014   0.03173 - -

 

Record
Date		 Payable
Date		              Ordinary Dividend
($/share)		 Short-Term Capital
Gain ($/share)		 Long-Term Capital
Gain ($/share)
12/26/2023 12/27/2023   0.12707 0.00757 0.16370
12/27/2022 12/28/2022   0.09909 - 0.60608
12/28/2021 12/29/2021   0.15995 1.00490 2.10121
12/28/2020 12/29/2020   0.06968 - -
12/26/2019 12/27/2019   0.10873 - 0.17885
12/27/2018 12/28/2018   0.15843 0.28817 0.54456
12/27/2017 12/28/2017   0.12172 0.19499 0.50601
12/28/2016 12/29/2016   0.08442 - -
12/28/2015 12/29/2015   0.12479 0.09823 0.00205
12/29/2014 12/30/2014   0.02329 - -

 

Value Plus Fund

  • Investor Class
  • Institutional Class
Record
Date		 Payable
Date		     Ordinary Dividend
($/share)		 Short-Term Capital
Gain ($/share)		 Long-Term Capital
Gain ($/share)
12/26/2023 12/27/2023   0.32742 - 0.20363
12/27/2022 12/28/2022   0.17469 - 0.65643
12/28/2021 12/29/2021   0.27336 3.14654 6.30187
12/28/2020 12/29/2020   0.18135 0.22560 -
12/26/2019 12/27/2019   0.52086 - -
12/27/2018 12/28/2018   0.32280 - -
12/27/2017 12/28/2017   0.04556 - -
12/28/2016 12/29/2016   0.19593 - -
12/28/2015 12/29/2015   0.20797 - 1.90702
12/29/2014 12/30/2014   0.06825 0.30014 2.84734
12/26/2013 12/27/2013   0.16431 0.54157 3.30825
12/26/2012 12/27/2012   0.35668 0.20864 0.60760
12/28/2011 12/29/2011   0.183006 - 0.319936
12/30/2010 12/31/2010   0.078769 - -
12/28/2010 12/29/2010   - - 0.160541
  3/30/2010   3/31/2010   0.019995 - -
  3/30/2010   3/31/2010   0.001223 - -
12/30/2009 12/31/2009   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   6/30/2008   0.031991 - -
  3/28/2008   3/31/2008   0.048473 - -
12/26/2007 12/27/2007   - 0.366103 3.707176
  9/27/2007   9/28/2007   0.218534 0.213593 0.602828
  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)
12/26/2023 12/27/2023   0.42851 - 0.20363
12/27/2022 12/28/2022   0.26708 - 0.65643
12/28/2021 12/29/2021   0.39348 3.14654 6.30187
12/28/2020 12/29/2020   0.27869 0.22560 -
12/26/2019 12/27/2019   0.59788 - -
12/27/2018 12/28/2018   0.40925 - -
12/27/2017 12/28/2017   0.12164 - -
12/28/2016 12/29/2016   0.22625 - -
12/28/2015 12/29/2015   0.31363 - 1.90702
12/29/2014 12/30/2014   0.18133 0.30014 2.84734
12/26/2013 12/27/2013   0.28097 0.54157 3.30825
12/26/2012 12/27/2012   0.45243 0.20864 0.60760
12/28/2011 12/29/2011   0.284872 - 0.319936
12/30/2010 12/31/2010   0.138722 - -
12/28/2010 12/29/2010   - - 0.160541
  3/30/2010   3/31/2010   0.032692 - -
  3/30/2010   3/31/2010   0.013036 - -
12/30/2009 12/31/2009   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 - -

 

Value Fund

  • Investor Class
  • Institutional Class
Record
Date		 Payable
Date		     Ordinary Dividend
($/share)		 Short-Term Capital
Gain ($/share)		 Long-Term Capital
Gain ($/share)
12/26/2023 12/27/2023   0.33420 - 2.20840
12/27/2022 12/28/2022   0.16583 - 1.05268
12/28/2021 12/29/2021   0.07773 1.52971 4.66088
12/28/2020 12/29/2020   0.13920 - 0.18973
12/26/2019 12/27/2019   0.11058 - 1.09276
12/27/2018 12/28/2018   0.06214 0.28550 2.09926
12/27/2017 12/28/2017   0.04117 - 2.60800
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)
12/26/2023 12/27/2023   0.41519 - 2.20840
12/27/2022 12/28/2022   0.21142 - 1.05268
12/28/2021 12/29/2021   0.13924 1.52971 4.66088
12/28/2020 12/29/2020   0.19383 - 0.18973
12/26/2019 12/27/2019   0.17769 - 1.09276
12/27/2018 12/28/2018   0.13454 0.28550 2.09926
12/27/2017 12/28/2017   0.12267 - 2.60800
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.
 

View Historical Distribution Information for Select Value Fund.

©2024 Heartland Advisors | 790 N. Water Street, Suite 1200, 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.

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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