December 5 , 2007
NEW YORK, N.Y. -- Foxby Corp. (AMEX: FXX) anticipates paying a year end distribution. The distribution is payable December 31, 2007 to shareholders of record December 19, 2007. At this time, the per share distribution is estimated as follows:
Ordinary income of between $0.02 and $0.03 per share
No capital gain distribution
This is a preliminary estimate. A precise estimate of the amount of the distribution is not possible because the dollar amounts of income to be distributed will change between now and the ex-date and cannot be determined in advance.
The distribution will be reinvested or paid out in cash, according to the instructions associated with each shareholder’s account.
The non-fundamental investment objective of Foxby Corp. is total return which it may seek from growth of capital and from income in any security type and in any industry sector. The Fund is managed by CEF Advisers, Inc., a subsidiary of Winmill & Co. Incorporated, which is engaged through subsidiaries in stock market and gold investing through its investment management of equity and gold mutual funds, and closed end funds. More information about the Fund may be obtained at www.foxbycorp.com.
There is no assurance that the Fund's investment objective will be attained. Past performance is no guarantee of future results. You should carefully consider the investment objective, risks, charges and expenses of the Fund before investing. The Fund's investment policies, management fees and other matters of interest to prospective investors may be found in its annual and semi-annual reports. To obtain a copy of the reports, please call us at 212-785-0900 or download them at www.foxbycorp.com/shareholder-reports.html.
Shares of closed end funds frequently trade at a discount from their NAV. This characteristic is a risk separate and distinct from the risk that the Fund's NAV could decrease as a result of its investment activities. Neither the Fund nor its investment manager can predict whether shares of the Fund will trade at, below or above NAV.
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