Marquest Mutual Funds Inc. Announces Latest Dividend for Fund

Marquest Mutual Funds Inc. Declares Dividends for the Explorer Series Fund

Marquest Mutual Funds Inc. has officially declared dividends for its Explorer Series Fund, much to the anticipation of its valued shareholders. These dividends play a crucial role in providing returns for investors and highlighting the ongoing performance of the fund.

Details of the Dividend Announcement

The Corporation has announced that dividends will be paid out in connection with the Explorer Series Fund. The total dividends include amounts for Series A, Series A/R, and Series F shares. These dividends are scheduled for distribution shortly, following due diligence and the requisite financial protocols.

Dividend Breakdown

For shareholders of the Series A Fund (MAV7100), the declared dividend is $0.00543 per share. Meanwhile, the Series A/R (MAV7001) will yield $0.00514 per share. Lastly, Series F (MAV7011) will also see a dividend of $0.00543 per share. Such careful structuring ensures equitable distribution among various series of the fund.

Eligible Dividend Designation

These dividends have been designated as “eligible dividends,” which is important for shareholders to note. This classification could potentially influence the tax treatment of dividends for Canadian taxpayers, and ensures that investors might benefit from favorable tax rates applicable to eligible dividends.

Reinvestment and Shareholder Guidance

Shareholders have the options to reinvest their dividends in additional shares of the same series of the fund unless they express a preference for cash payments. The Corporation encourages its investors to consult with financial advisors to navigate any financial and tax-related queries arising from this dividend announcement.

About Marquest Mutual Funds Inc.

Marquest Mutual Funds Inc. is well-regarded in the mutual fund landscape, providing various options, including Series A, Series A/R, and Series F Shares as part of the Explorer Series Fund. This diverse offering allows investors to choose based on their financial goals and risk tolerance.

Role of Marquest Asset Management Inc.

Marquest Asset Management Inc. plays a pivotal role in the management and operational efficiency of the Explorer Series Fund. Their expertise ensures that all processes align with regulatory requirements and that investors' interests are prioritized.

Importance of Understanding Investment Decisions

Investing can often be accompanied by uncertainty, especially concerning dividends and their implications. Marquest Mutual Funds Inc. emphasizes the need for shareholders to be proactive in understanding these aspects. Consulting with local branches of the Canada Revenue Agency or the appropriate provincial tax authorities provides valuable insights for shareholders.

Frequently Asked Questions

What is the amount of the dividends declared by Marquest Mutual Funds Inc.?

The dividends declared include $0.00543 per share for Series A, $0.00514 per share for Series A/R, and $0.00543 per share for Series F.

What does “eligible dividend” mean?

Eligible dividends are a category of dividends that may be taxed at a lower rate for Canadian taxpayers. This status may offer financial benefits to shareholders.

How will the dividends be distributed?

Dividends will be automatically reinvested in additional shares unless shareholders have previously opted for cash payments.

Who should shareholders consult regarding their options?

Shareholders are encouraged to consult with their financial advisors or tax professionals to understand the implications of their dividend options.

What types of shares are available in the Explorer Series Fund?

The Explorer Series Fund offers Series A, Series A/R, and Series F Shares to cater to various investment preferences.

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