Aggressive short selling fund changes name
01 May 2011 New York
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Midas Special Fund, a mutual fund investing aggressively for capital appreciation, has changed its name to Midas Magic, Inc. The Fund will continue to be available under its current ticker symbol, MISEX.
The Fund exercises a flexible strategy in the selection of securities, and is not limited by the issuer's location, size, or market capitalization. The Fund invests in equity and fixed income securities of new and seasoned U.S. and foreign issuers with no minimum rating, and may employ aggressive and speculative investment techniques, such as selling securities short and borrowing money for investment purposes, a practice known as "leveraging" and may invest defensively in short term, liquid, high grade securities, and money market instruments.
The Fund exercises a flexible strategy in the selection of securities, and is not limited by the issuer's location, size, or market capitalization. The Fund invests in equity and fixed income securities of new and seasoned U.S. and foreign issuers with no minimum rating, and may employ aggressive and speculative investment techniques, such as selling securities short and borrowing money for investment purposes, a practice known as "leveraging" and may invest defensively in short term, liquid, high grade securities, and money market instruments.
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