Estimated Year End 2017 Capital Gains Distributions

This information on 2017 estimated year-end distributions is intended for existing shareholders. Selected American Shares also paid a semiannual capital gains distribution.

As large shareholders ourselves, we are conscious of tax costs and make every effort to be tax efficient.

Capital gains result from the appreciation of companies in the portfolio. The funds’ long-term investment approach means that this appreciation may have occurred over an extended period of time. The gains, if any, are long term and generally subject to lower tax rates than short-term gains or dividend income.

  • Shareholders should not use this information for tax reporting purposes. Form 1099 will be sent at a later date for all tax reporting.
  • Estimated distributions can change prior to the record date depending on current market conditions. The estimates below do not include ordinary income distributions the fund may be making.

To view all columns of data, swipe left on the table below.

2017 Selected Funds Year-End Capital Gains Estimates (Percentage of 9/29/17 share price)

Record Date Ex-Date Payable Date Estimated Short-Term Capital Percentage Estimated Long-Term Capital Percentage
Selected American Shares 12/12/2017 12/13/2017 12/14/2017 None expected 3% - 4%
Selected International Fund 12/12/2017 12/13/2017 12/14/2017 None expected None expected

2017 Selected Funds Year-End Capital Gains Estimates (Percentage of 9/29/17 share price)

Record Date Ex-Date Payable Date Estimated Short-Term Capital Percentage Estimated Long-Term Capital Percentage
Selected American Shares 12/12/2017 12/13/2017 12/14/2017 None expected 3% - 4%
Selected International Fund 12/12/2017 12/13/2017 12/14/2017 None expected None expected

Carefully consider the fund's investment objectives, strategies, risks, charges and expenses before investing or sending money. The prospectus contains this and other information and can be obtained by clicking here.



Selected Funds 800.243.1575. Davis Distributors, LLC, 2949 East Elvira Road, Suite 101, Tucson, AZ 85756