Midas Fund Changes Name to Midas Discovery and Midas Magic Changes Name to Midas Special Opportunities
Midas Funds announced strategic name changes for two of its funds: Midas Fund is now Midas Discovery (NASDAQ:MIDSX), and Midas Magic becomes Midas Special Opportunities (NASDAQ:MISEX). The rebranding aims to increase fund awareness while maintaining existing tickers, CUSIPs, investment objectives, and portfolio management strategies.
Midas Discovery focuses on investments in natural resources and precious metals, including mining, processing, and distribution companies. The fund faces various risks, including market fluctuations, foreign investment, non-diversification, and precious metals-related risks.
Shareholders can access detailed information through the fund's prospectus and summary prospectus, available via phone (1-800-400-MIDAS) or the official website. The fund complex includes Foxby Corp and Bexil Investment Trust, with distribution handled by Midas Securities Group.
Midas Funds ha annunciato cambiamenti strategici nei nomi di due suoi fondi: Midas Fund diventa Midas Discovery (NASDAQ:MIDSX), mentre Midas Magic si trasforma in Midas Special Opportunities (NASDAQ:MISEX). Il rebranding mira ad aumentare la visibilità dei fondi mantenendo però gli stessi ticker, CUSIP, obiettivi di investimento e strategie di gestione del portafoglio.
Midas Discovery si concentra su investimenti in risorse naturali e metalli preziosi, includendo società di estrazione, lavorazione e distribuzione. Il fondo è soggetto a diversi rischi, tra cui fluttuazioni di mercato, investimenti esteri, mancanza di diversificazione e rischi legati ai metalli preziosi.
Gli azionisti possono ottenere informazioni dettagliate consultando il prospetto e il prospetto riassuntivo del fondo, disponibili telefonicamente (1-800-400-MIDAS) o sul sito ufficiale. Il complesso dei fondi comprende Foxby Corp e Bexil Investment Trust, con la distribuzione gestita da Midas Securities Group.
Midas Funds anunció cambios estratégicos en los nombres de dos de sus fondos: Midas Fund ahora es Midas Discovery (NASDAQ:MIDSX), y Midas Magic pasa a ser Midas Special Opportunities (NASDAQ:MISEX). El cambio de nombre busca aumentar el reconocimiento de los fondos, manteniendo los mismos símbolos bursátiles, CUSIPs, objetivos de inversión y estrategias de gestión de cartera.
Midas Discovery se enfoca en inversiones en recursos naturales y metales preciosos, incluyendo empresas de minería, procesamiento y distribución. El fondo enfrenta varios riesgos, como fluctuaciones del mercado, inversiones extranjeras, falta de diversificación y riesgos relacionados con metales preciosos.
Los accionistas pueden acceder a información detallada a través del prospecto y el prospecto resumido del fondo, disponibles por teléfono (1-800-400-MIDAS) o en el sitio web oficial. El complejo de fondos incluye Foxby Corp y Bexil Investment Trust, con la distribución a cargo de Midas Securities Group.
Midas Funds는 두 펀드의 전략적 명칭 변경을 발표했습니다: Midas Fund는 이제 Midas Discovery (NASDAQ:MIDSX)로, Midas Magic은 Midas Special Opportunities (NASDAQ:MISEX)로 변경되었습니다. 이번 리브랜딩은 기존의 티커, CUSIP, 투자 목표 및 포트폴리오 관리 전략을 유지하면서 펀드 인지도를 높이는 것을 목표로 합니다.
Midas Discovery는 광산, 가공 및 유통 회사를 포함한 천연 자원과 귀금속에 투자하는 데 중점을 둡니다. 이 펀드는 시장 변동성, 해외 투자, 비분산 투자 및 귀금속 관련 위험 등 다양한 위험에 직면해 있습니다.
주주들은 전화(1-800-400-MIDAS)나 공식 웹사이트를 통해 펀드의 설명서 및 요약 설명서를 확인할 수 있습니다. 펀드 복합체에는 Foxby Corp와 Bexil Investment Trust가 포함되며, 배포는 Midas Securities Group이 담당합니다.
Midas Funds a annoncé des changements stratégiques de nom pour deux de ses fonds : le Midas Fund devient Midas Discovery (NASDAQ:MIDSX), et Midas Magic devient Midas Special Opportunities (NASDAQ:MISEX). Ce rebranding vise à accroître la notoriété des fonds tout en conservant les mêmes tickers, CUSIPs, objectifs d'investissement et stratégies de gestion de portefeuille.
Midas Discovery se concentre sur les investissements dans les ressources naturelles et les métaux précieux, incluant les entreprises d'extraction, de transformation et de distribution. Le fonds est exposé à divers risques, notamment les fluctuations du marché, les investissements étrangers, le manque de diversification et les risques liés aux métaux précieux.
Les actionnaires peuvent accéder à des informations détaillées via le prospectus et le prospectus résumé du fonds, disponibles par téléphone (1-800-400-MIDAS) ou sur le site officiel. Le complexe de fonds comprend Foxby Corp et Bexil Investment Trust, la distribution étant assurée par Midas Securities Group.
Midas Funds hat strategische Namensänderungen für zwei seiner Fonds bekannt gegeben: Der Midas Fund heißt jetzt Midas Discovery (NASDAQ:MIDSX), und Midas Magic wird zu Midas Special Opportunities (NASDAQ:MISEX). Das Rebranding soll die Bekanntheit der Fonds steigern, während die bestehenden Ticker, CUSIPs, Anlageziele und Portfoliomanagementstrategien beibehalten werden.
Midas Discovery konzentriert sich auf Investitionen in natürliche Ressourcen und Edelmetalle, einschließlich Unternehmen aus den Bereichen Bergbau, Verarbeitung und Vertrieb. Der Fonds ist verschiedenen Risiken ausgesetzt, darunter Marktschwankungen, Auslandsinvestitionen, mangelnde Diversifikation und Risiken im Zusammenhang mit Edelmetallen.
Aktionäre können detaillierte Informationen im Fondsprospekt und im zusammenfassenden Prospekt einsehen, die telefonisch (1-800-400-MIDAS) oder über die offizielle Webseite erhältlich sind. Der Fondsverbund umfasst Foxby Corp und Bexil Investment Trust, der Vertrieb erfolgt durch die Midas Securities Group.
- Fund rebranding may increase market visibility and investor awareness
- No changes to investment objectives, strategies, or management - maintaining stability
- Tickers and CUSIPs remain unchanged, ensuring trading continuity
- Fund faces multiple investment risks including market fluctuations, foreign investment, and non-diversification
- Exposure to commodity-specific risks in natural resources and precious metals
- Possible loss of principal and value fluctuation explicitly mentioned as investment risks
ROCHESTER, NY / ACCESS Newswire / April 30, 2025 / The Midas Funds announced today that Midas Fund (NASDAQ:MIDSX) changed its name to Midas Discovery and Midas Magic (NASDAQ:MISEX) changed its name to Midas Special Opportunities. These changes have been made to, among other things, increase awareness of the Funds.
The Funds' tickers and CUSIPs will not change, nor will there be any changes to the Funds' investment objectives, principal investment strategies, or portfolio management as a result of the above.
To learn more about the Midas Funds, please visit www.MidasFunds.com.
There is no assurance that the Midas Funds' investment objectives will be attained. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.
You should consider the investment objectives, risks, and charges and expenses of the Midas Funds carefully before investing. The prospectus and each summary prospectus contain this and other information about the Midas Funds.
To obtain a copy of the prospectus and each summary prospectus, please contact us at 1-800-400-MIDAS (6432) or download them at https://www.midasfunds.com/documents. Please read the prospectus and each summary prospectus carefully before investing.
Midas Discovery invests in securities of companies involved in the business of mining, processing, fabricating, distributing, or otherwise dealing in natural resources and precious metals. Midas Fund is subject to risks including, but not limited to, those associated with market fluctuations, foreign investment, non-diversification, concentration, investments in gold, silver, platinum, and other precious metals, natural resource companies, depletion and exploration risk, and in-kind redemptions.
Investment products, including shares of mutual funds and closed end funds, are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by, any financial institution and involve investment risk, including possible loss of principal and fluctuation in value. Consult with your tax advisor or attorney regarding specific tax issues.
One of Midas' guiding principles is that we will communicate with our shareholders and prospective investors as candidly as possible because we believe shareholders and prospective investors benefit from understanding our investment philosophy and approach. Our views and opinions regarding the prospects of our portfolio holdings, the Midas Funds, and the economy are "forward looking statements" as defined under the U.S. federal securities laws, which may or may not be accurate and may be materially different over future periods. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," "may," "should," "plan," or the negative of such terms and similar expressions identify forward looking statements, which generally are not historical in nature.
Forward looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from a Fund's historical experience and its current expectations or projections indicated in any forward looking statements. These risks include, but are not limited to, equity securities risk, corporate bonds risk, credit risk, interest rate risk, leverage and borrowing risk, additional risks of certain securities in which the Midas Funds invest, management risk, and other risks discussed in the Midas Funds' filings with the Securities and Exchange Commission. We disclaim any obligation to update or alter any forward looking statements, whether as a result of new information, future events, or otherwise. Thus, you should not place undue reliance on forward looking statements, which speak only as of the date they are made.
The Midas Funds are part of a fund complex which includes Foxby Corp. and Bexil Investment Trust.
Distributed by: Midas Securities Group, Inc.
Member: FINRA.
Midas Funds
Shareholder Services
1-800-400-MIDAS (6432)
www.MidasFunds.com
SOURCE: Midas Funds
View the original press release on ACCESS Newswire
FAQ
What are the new names of Midas Fund and Midas Magic as of April 30, 2025?
Will MISEX investment strategy change after the 2025 name change?
What are the main investment risks for Midas Discovery Fund (formerly Midas Fund)?
How can investors access Midas Funds prospectus after the 2025 rebranding?
What type of investments does Midas Discovery focus on?
