Quaker Funds 2015 QUALIFIED DIVIDENDS

Qualified Dividends: Qualified dividends are ordinary dividends that meet certain requirements to be taxed as net capital gains. Any shareholder who received dividend payments will receive IRS Form 1099-DIV which itemizes the amount and type of dividends paid to them. For the year 2015, the table reflects the percentage of dividends considered qualified for the Funds listed.

Dividend Received Deduction: Under certain circumstances, the IRS Code allows a tax deduction to corporations on the dividends paid to it by companies in which it has an ownership stake.

Fund

Qualified Dividend Income Percentage

Dividend Received Deduction Percentage

Quaker Event Arbitrage Fund

21.89%

14.50%

Quaker Small-Cap Value Fund

0.00%

0.00%


This information is general in nature and, is not intended as tax advice and cannot be used to avoid tax payments or penalties. Consult your tax advisor for advice that pertains to your personal circumstances.