Eagle Capital Growth Fund Declares Year-End Cash Dividend of $1.05 Per Share; Receives 5-Star Rating from Morningstar
December 05 2011 - 3:00PM
Business Wire
The Eagle Capital Growth Fund, Inc. (“Fund”) (NYSE Amex: GRF)
today declared a year-end cash dividend of $1.05 per share. The
record date for this dividend is December 16, 2011, and the payment
date is December 27, 2011.
On a preliminary basis, this dividend represents a combination
of net investment income of $0.1012 per share, and long-term
capital gains of $0.9488 per share. The net investment income is
derived solely from “qualified” dividends for U.S. Federal income
tax purposes. This preliminary tax information is subject to
change. Shareholders will receive definitive information with
respect to U.S. Federal income tax treatment in the ordinary
course. In addition, shareholders can access definitive tax
information by going to the Fund’s website after year-end.
The Fund recently received a 5-star Morningstar rating*, the
highest possible designation. With its 5-star rating, the Fund’s
investment performance places it within the top 10% of managers
pursuing similar investment strategies. “We are obviously thrilled
to receive Morningstar’s highest rating,” said Luke E. Sims, the
Fund’s President, CEO and portfolio co-manager, “since Morningstar
is the recognized authority in the field. Since we took over
investment responsibility for the Fund in mid-2007, we’ve put our
disciplined investment strategy to work. It’s heartening to see our
efforts pay off.”
Fund portfolio co-manager David C. Sims also welcomed the
Morningstar news: “When we assumed responsibility for the Fund it
held a 2-star rating. We’ve pursued our patient, conservative
investment philosophy for the past four years, and our new 5-star
rating from Morningstar reflects our success to date. Going
forward, we remain committed to research, and to continue the
disciplined execution of the investment principles enunciated by
Benjamin Graham and refined by Warren Buffett.”
The Fund is a closed-end investment company that invests
primarily in high quality growth companies. The Fund currently
holds a 5-star rating from Morningstar, Inc.* To learn more about
the Fund, please go to the Fund’s website:
www.eaglecapitalgrowthfund.com
If you have a question about the year-end dividend or other Fund
matter, please contact David C. Sims, the Fund’s Chief Financial
Officer and Chief Compliance Officer, at (414) 765-1107, or by
e-mail to: dave@simscapital.com
*Past performance does not guarantee future results.
Performance represents past performance; future performance may
be lower or higher. The investment return and principal
value will fluctuate so that an investment, in the future, may be
worth more or less than the original cost.
Morningstar, Inc. rates mutual funds from one to five stars
based on how well they’ve performed (after adjusting for risk and
accounting for all sales charges) in comparison to similar
funds. Within each Morningstar category, the top 10% of
funds receive five stars, the next 22.5% four stars, the middle 35%
three stars, the next 22.5% two stars, and the bottom 10% receive
one star. Funds are rated for up to three time periods --
three-, five- and 10 years -- and these ratings are combined to
produce an overall rating. Ratings are objective, based
entirely on a mathematical evaluation of past performance.
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