Heartland Advisors

Tax Information

Capital gain distribution estimates will be posted around November 30.

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.

2019 Tax Distributions

  • Investor Class
  • Institutional Class
 

Select Value
(HRSVX) 

Mid Cap
Value
(HRMDX)

Value Plus
(HRVIX)

Value
(HRTVX)
Record Date 10/13/2020 12/28/2020 12/28/2020 12/28/2020
Payable Date 10/14/2020 12/29/2020 12/29/2020 12/29/2020
Short-Term Capital Gain
($/share)		 0.00000 TBD TBD TBD
Long-Term Capital Gain
($/share)		 0.68476 TBD TBD TBD
Ordinary Dividend ($/share) 0.19378 TBD TBD TBD

 

 

Select Value
(HNSVX) 

Mid Cap
Value
(HNMDX)

Value Plus
(HNVIX)

Value
(HNTVX)
Record Date 10/13/2020 12/28/2020 12/28/2020 12/28/2020
Payable Date 10/14/2020 12/29/2020 12/29/2020 12/29/2020
Short-Term Capital Gain
($/share)		 0.0000 TBD TBD TBD
Long-Term Capital Gain
($/share)		 0.68476 TBD TBD TBD
Ordinary Dividend ($/share) 0.24534 TBD TBD TBD

 

2020 Distributions Calendar

 

Select Value

Mid Cap Value

Value Plus

Value
Record Date 10/13/2020* 12/28/2020 12/28/2020 12/28/2020
Payable Date 10/14/2020* 12/29/2020 12/29/2020 12/29/2020

*See Prospectus Supplement (pdf) for additional information. 

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, 2020. 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 2019, for tax returns filed in 2020, the Heartland Value Fund received 2.12% of eligible income. The percentage for Heartland Select Value, Value Plus and Mid Cap Value Funds, for the same period, is 0%.

Income Derived from Foreign Sources

During 2019, 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.

Select Value Fund

  • Investor Class
  • Institutional Class
Record
Date		 Payable
Date		                     Ordinary Dividend
($/share)		 Short-Term Capital
Gain ($/share)		 Long-Term Capital
Gain ($/share)
10/13/2020 10/14/2020   0.19378 0.00000 0.68476
12/26/2019 12/27/2019   0.22031 0.33279 0.84157
12/27/2018 12/28/2018   0.32448 0.14020 3.57557
12/27/2017 12/28/2017   0.42327 - 3.47325
12/28/2016 12/29/2016   0.32901 - 3.55079
12/28/2015 12/29/2015   0.29471 - 2.69596
12/29/2014 12/30/2014   0.13505 - 3.73090
12/26/2013 12/27/2013   0.12467 0.40227 5.04691
12/26/2012 12/27/2012   0.13263 - 1.00166
12/28/2011 12/29/2011   0.128132 - 0.293044
12/28/2010 12/29/2010   0.157125 - -
12/28/2009 12/29/2009   0.141912 - -
12/26/2008 12/29/2008   0.131279 - -
  3/28/2008   3/31/2008   0.000424 - -
12/26/2007 12/27/2007   0.172824 0.187278 2.233630

 

Record
Date		 Payable
Date		                  Ordinary Dividend
($/share)		 Short-Term Capital
Gain ($/share)		 Long-Term Capital
Gain ($/share)
10/13/2020 10/14/2020   0.24534 0.00000 0.68476
12/26/2019 12/27/2019   0.28328 0.33279 0.84157
12/27/2018 12/28/2018   0.39589 0.14020 3.57557
12/27/2017 12/28/2017   0.50149 - 3.47325
12/28/2016 12/29/2016   0.40396 - 3.55079
12/28/2015 12/29/2015   0.37470 - 2.69596
12/29/2014 12/30/2014   0.25584 - 3.73090
12/26/2013 12/27/2013   0.25238 0.40227 5.04691
12/26/2012 12/27/2012   0.24740 - 1.00166
12/28/2011 12/29/2011   0.226517 - 0.293044
12/28/2010 12/29/2010   0.227143 - -
12/28/2009 12/29/2009   0.205304 - -
12/26/2008 12/29/2008   0.204619 - -

 

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)
12/26/2019 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)
12/26/2019 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)
12/26/2019 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   6/230/2008   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)
12/26/2019 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)
12/26/2019 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)
12/26/2019 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.
 

©2020 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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