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Euro Pacific Asset Management Launches EuroPac International Dividend Income Fund

January 22, 2014

Fund seeks income and growth through value-oriented non-U. S. Companies

(San Juan, PR) – January 21, 2014 - Euro Pacific Asset Management, LLC, (“EPAM”) a San Juan, PR-based asset manager related to Peter Schiff's brokerage firm, Euro Pacific Capital (EPC), is pleased to announce the launch of the EuroPac International Dividend Income Fund.  The Fund, which will trade under the symbol “EPDPX” for the Retail Share Class and “EPDIX” for the Institutional Share Class, seeks to provide income (and maximize growth of income and capital appreciation as a secondary objective) by tapping into international sources of dividend income.   This marks the ninth mutual fund launched by EPAM.

The Fund is overseen by Peter Schiff, Investment Committee Chairperson, and managed by Jim Nelson, CFA, (the same team that oversees Euro Pacific Asset Management’s other fund offerings). Patrick Rien, CFA, will also serve as a co-manager of the fund. 

“I am very pleased to be able to offer this international strategy as a mutual fund at a time when many income-seeking Americans investors are faced with the meager prospect of sub two percent dividend yields from the S&P 500,” said Peter Schiff. “It would surprise many Americans to know that much better rates are available abroad through companies that have long histories of steady and growing dividend distributions.”

The Fund will seek dividend income and capital appreciation by investing in fundamentally sound companies that Euro Pacific believes will appreciate versus their peers over the long-run. The Fund will concentrate its equity selection in those countries that the firm believes have healthy and sustainable economies and responsible fiscal and monetary policies.  The strategy is targeted towards US-based investors looking to maximize dividend income and diversify their currency exposure.

The management team that oversees the Fund implemented this strategy in February 2010 in the form of EPAM’s “Dividend Payers” Separately Managed Account (“SMA”) program. As a result, the Fund is launched with a demonstrable performance history from a “Predecessor Account.”* Please refer to the prospectus at www.europacificfunds.com for more information on the record in managing these accounts. The Predecessor account was used to seed the “I” Shares (Institutional Class with no front end charges) on January 13, 2014. The performance of the Predecessor Account from inception on February 28, 2010 through January 13, 2014 delivered a cumulative 50.25% return (11.19% annualized) as I Shares, and the “A” class shares of the Fund (that factors in front end sales charges) returned 43.49% to investors (9.86% annualized). Returns for Class I shares reflect all expenses of the Predecessor Account. The expenses of the Predecessor Account were higher than those of the I Shares. Returns for Class A shares have been recalculated to reflect the estimated gross annual operating expenses of Class A shares of the Fund.

Average Annual Total Returns as of December 31, 2013

 

One Year

Three Years

Since Inception(1)

Class I - Return Before Taxes

8.18%

5.70%

11.19%

Class I - Return After Taxes on Distributions

8.18%

5.70%

11.19%

Class I - Return After Taxes on Distributions and Sale of Fund Shares

4.63%

4.40%

8.81%

Class A - Return Before Taxes

3.37%

4.11%

9.86%

S&P International Dividend Opportunities Index (2)

8.42%

1.23%

4.25%

(reflects no deduction for fees, expenses or taxes)

 

1

Inception date is February 28, 2010.

2

The S&P International Dividend Opportunities Index serves as a benchmark for global income seeking investors. The index seeks to provide exposure to 100 high yielding common stocks from around the world while meeting diversification, stability and tradability requirements.

*The returns for the Predecessor Account reflect its performance prior to the conversion into the Fund. The Predecessor Account was not registered under the 1940 Act and therefore was not subject to certain restrictions imposed by the 1940 Act on registered investment companies and by the Internal Revenue Code of 1986 on regulated investment companies. If the Predecessor Account had been registered under the 1940 Act, the Predecessor Account’s performance may have been adversely affected.  Past performance before and after taxes does not indicate how the Fund will perform in the future. Returns for Class I shares reflect all charges, expenses, and fees of the Predecessor Account. Returns for Class A shares have been adjusted to reflect the estimated gross annual operating expenses of Class A shares of the Fund.

The performance data quoted here represents past performance. Past performance does not guarantee future results. The investment return and principal will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. Investors may obtain performance information current to the most recent month-end, within 7 business days, by calling +1 (888) 558-5851. A redemption fee of 2.00% may be imposed on redemptions of shares you have owned for 30 days or less. Please see the prospectus for more information.

You should consider the funds' investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus, each of which contains this and other information about the funds, call 1-888-558-5851 or visit www.europacificfunds.com. The Fund can also be bought through a brokerage account at Euro Pacific Capital, www.europac.net.  Other broker-dealers may also sell shares of the fund through their own programs. Please read the prospectus or summary prospectus carefully before investing or sending money.

The Advisor has contractually agreed to waive its fees and/or pay for operating expenses of the Fund to ensure that the total annual fund operating expenses (excluding any taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with Form N-1A), expenses incurred in connection with any merger or reorganization, and extraordinary expenses such as litigation expenses) do not exceed 1.50% of the average daily net assets of Class A shares and 1.25% of Class I shares of the Fund. This agreement is in effect until March 1, 2015, and it may be terminated before that date only by the Trust’s Board of Trustees.

Foreign investments present additional risk due to currency fluctuations, which means the value of securities, can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar, economic and political factors, government regulations, differences in accounting standards and other factors. Investments in emerging markets involve even greater risks.

The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These price movements may result from factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a whole, such as changes in economic or political conditions. Equity securities are subject to “stock market risk” meaning that stock prices in general (or in particular, the prices of the types of securities in which a fund invests) may decline over short or extended periods of time. When the value of a fund’s securities goes down, an investment in a fund decreases in value.

The Euro Pacific Funds are distributed by IMST Distributors, LLC.