Schooner Hedged Alternative Income Fund
Distribution Schedule
| Record Date | Ex/Pay Date | Payout | Payout % | 19a-1 Notice |
| 12/23/16 | 12/27/16 | |||
| 11/24/16 | 11/25/16 | |||
| 10/24/16 | 10/25/16 | |||
| 9/23/16 | 9/26/16 | |||
| 8/24/16 | 8/25/16 | |||
| 7/22/16 | 7/25/16 | |||
| 6/24/16 | 6/27/16 | 0.33043403 | 0.7% | June |
| 5/24/16 | 5/25/16 | 0.33087356 | 0.7% | May |
| 4/22/16 | 4/25/16 | 0.33481958 | 0.7% | April |
| 3/24/16 | 3/28/16 | 0.33182091 | 0.7% | March |
| 2/24/16 | 2/25/16 | 0.33142569 | 0.7% | Feb |
| 1/22/16 | 1/25/16 | 0.48890323 | 1% | Jan |
30 day SEC Yield as of 3/31/16: SHAIX -1.44%, SHAAX -1.71%, SHAAX with load -1.65%. Calculation without expense cap reimbursement: SHAIX -1.93%, SHAAX with load -1.87%.
For performance data current to the most recent month end, contact your financial professional or call Schooner Funds at 1-866-724-5997. The performance data contained within this material represents past performance, which does not guarantee future results. The return and principal value of an investment will fluctuate, so that shares, when redeemed, may be worth more or less than the original cost. The Fund’s current performance may be higher or lower and is subject to substantial changes.
Historical Distributions
Click Here for Schooner Hedged Alternative Income Fund Prospectus.
Mutual fund investing involves risk; principal loss is possible. Options may be more volatile than investments directly in the underlying securities, involve additional costs and may involve a small initial investment relative to the risk assumed. The Fund’s investments in options could include the loss of the entire premium and the value of the underlying asset. The Fund’s investment in derivative instruments (“Derivatives”), including options, may be more volatile than investments directly in the underlying securities, involve additional costs and may involve a small initial investment relative to the risk assumed. The Fund’s investments in Derivatives could create exposure greater than the value of securities in the Fund’s portfolio. Derivatives investments may create economic leverage and can result in losses to the Fund that exceed the original amount invested. Small-, mid- and micro-cap companies may not have the management experience, financial resources, product diversification and competitive strengths of large-cap companies and, therefore, their securities tend to be more volatile than the securities of larger, more established companies, making them less liquid than other securities. The value of put options on ETFs sold by the Fund is based on the value of the ETFs underlying the options. The price of an ETF can fluctuate within a wide range, and the value of an option on an ETF may decrease if the prices of the securities owned by the ETF go down. An index ETF may not replicate the performance of a benchmark index it seeks to track. In addition, an ETF is subject to the risk that the market price of the ETF’s shares may trade at a discount to its NAV or an active trading market for its shares may not develop or be maintained. Trading of an ETF’s shares may be halted, during which time an option may be exercised, exposing the Fund to the risks of directly investing in an ETF’s shares. A decline in the value of an investment in a single issuer could cause the Fund’s overall value to decline to a greater degree than if the Fund held a more diversified portfolio. There can be no assurance that the Fund will grow to or maintain an economically viable size.
Diversification does not assure a profit nor protect against loss in a declining market.
A portion of the payment you receive each month could be a return of capital. AS SUCH, THE MONEY YOU INVEST COULD BE RETURNED TO YOU TO HELP SATISFY THAT MONTH’S PAYOUT REQUIREMENT. It is also possible for the fund to suffer substantial investment losses and simultaneously experience additional asset reductions as a result of its distributions to shareholders under its managed-distribution policy.
Any tax or legal information provided is merely a summary of our understanding and interpretation of some of the current income tax regulations and it is not exhaustive. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Fund nor any of its representatives may give legal or tax advice.
The Schooner Funds are distributed by Quasar Distributors, LLC.