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Midas Funds: Midas Announces June 29, 2009 Distribution Payments

^{Published on 2009-07-06 15:34:42, Last Modified on 2009-07-06 15:34:48 - Market Wire}
 

NEW YORK, NY--(Marketwire - July 6, 2009) - Midas Fund, Inc. (NASDAQ: [ MIDSX ]) and Midas Perpetual Portfolio, Inc. (NASDAQ: [ MPERX ]) today announced the following per share distribution payments on June 29, 2009 to shareholders of record on June 26, 2009:

 Fund Distribution per Share ------------------------------------------------------------------------ Midas Fund Ordinary income of $0.0425 No capital gain distribution Midas Perpetual Portfolio Ordinary income of $0.008 No capital gain distribution 

The distribution for Midas Fund represents ordinary income earned in fiscal 2008. The distribution for Midas Perpetual Portfolio represents short term capital gains earned in fiscal 2008 and 2009. All taxable shareholders will receive written notification in 2010 on Form 1099-DIV regarding the components and tax treatment for all 2009 distributions.

The distributions were reinvested in your account or paid out in cash, according to the instructions associated with your account. Please call us at 1-800-400-MIDAS (6432) if you have any questions or would like further information.

The Midas Funds are managed by Midas Management Corporation, 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 ]. To learn more about the Midas Funds, please visit [ www.MidasFunds.com ].