Integrity's Maine Municipal Fund Receives Lipper Performance Award 'Best Fund Over Three Years' in Its Category
08 Avril 2009 - 3:00PM
PR Newswire (US)
MINOT, N.D., April 8 /PRNewswire-FirstCall/ -- Integrity Mutual
Funds, Inc. (OTC:IMFD) (BULLETIN BOARD: IMFD) , a mutual fund and
financial services company, announced today that its Maine
Municipal Fund (MEMUX) has earned the Lipper Fund Performance Award
for Best Fund over the past three years ending December 31, 2008 in
the category of Other States Municipal Debt Funds. "The fact that
the performance of the Maine Municipal Fund has been recognized by
Lipper underscores our efforts to provide investors with access to
top ranked mutual funds to help them meet their financial goals,"
said Monte Avery, Senior Portfolio Manager. "We are particularly
pleased as it comes at a time when investors are increasingly
looking to invest in bonds as part of a diversified portfolio." Mr.
Avery has over 26 years in the investment industry. He joined
Integrity Mutual Funds in 1995 and is the Senior Portfolio Manager
for eight single-state municipal funds and the Integrity Fund of
Funds. The Maine Municipal Fund is designed to provide consistent
returns, monthly dividends, competitive yields and income exempt
from state and federal income tax. The Lipper Fund Awards program
highlights funds that have excelled in delivering consistently
strong risk-adjusted performance, relative to their peers, over
three-year, five-year, and 10-year time periods. For more
information, including methodology, please visit:
http://www.lipperweb.com/. Lipper rankings are based on total
return and do not take sales charges into account. Lipper's
Performance Achievement Certificates are awarded to funds with
returns that topped their Lipper category over three-year,
five-year, and 10-year time periods. Certificates are awarded for
all Lipper Classifications and for the overall fund universe.
Open-end funds, closed-end funds and variable insurance products
are considered for awards. The Maine Municipal Fund was ranked 1
out of 133 funds for 3 years, 27 of 133 funds for 5 years, and 77
of 114 funds for 10 years in the Other States Municipal Debt Funds
category. Integrity Mutual Funds, Inc. is publicly traded over the
OTC Bulletin Board under the symbol IMFD.OB. With its subsidiaries,
Integrity Money Management, Inc., Integrity Fund Services, Inc.,
and Integrity Funds Distributor, Inc., the firm sponsors, manages,
and advises mutual funds. IMFD also owns Capital Financial
Services, Inc., a full-service brokerage firm that specializes in
providing investment products and services to over 350 independent
investment representatives, financial planners, and investment
advisors throughout the United States. More information is
available at http://corp.integrityfunds.com/ or by calling (800)
276-1262. Please consider carefully the fund's investment
objectives, risks, charges and expenses. For this and other
important information, obtain a fund prospectus by visiting
http://www.integrityfunds.com/ or by calling 1-800-276-1262. Read
it carefully before investing. Distributed by Integrity Funds
Distributor, Inc. 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. Bond prices and,
therefore, the value of a bond fund will decline as interest rates
rise. Because the fund invests in securities of a single state, the
fund is more susceptible to factors adversely impacting the
respective state securities than a municipal fund that does not
concentrate its securities in a single state. All or a portion of a
fund's dividends may be subject to state and local taxes and, where
applicable, federal alternative minimum tax (AMT). You may obtain
performance data current to the most recent month end by calling
1-800-276-1262. All returns assume reinvestment of dividends and
capital gains prior to the close of the fiscal year. DATASOURCE:
Integrity Mutual Funds, Inc. CONTACT: Kelly Cinelli, , or Ronnie
Welch, , both for Integrity Mutual Funds, Inc., +1-508-222-4802 Web
Site: http://www.integrityfunds.com/
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