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See the questions below to get information
you need.
For more specific questions, e-mail
us at info@MidasFunds.com or
contact Midas Funds Shareholder Services at 1-800-400-MIDAS
(6432), 8 a.m.-6 p.m. Eastern Time.
What
Funds do you offer?
What
are the minimum initial and subsequent investments
for regular
and IRA accounts?
What
are your IRA fees?
Can
I exchange between Funds? If so, are there any fees?
Do
any of your Funds offer a check writing privilege?
Do
you offer a systematic withdrawal plan?
What
is needed to receive a distribution from my IRA account?
Where
can I get my signature guaranteed?
What
types of automatic investment programs do you offer?
How
do I get a password to access my account online?
What
mailing address do I send any correspondence to?
What
is your overnight express mail address?
How do I send a bank wire to make an investment
in the Midas Funds?
What
do I need to do to change the address on my account?
How
do I change my bank address on my account?
How
can I redeem shares in my account and have the proceeds
mailed to an address different than my current address of record?
On
what holidays are the Funds closed?
What do I need to change my account registration?
What
is your business continuity plan?
What Funds do you offer?
We offer Midas Dollar Reserves, Midas
Fund, and Midas Special Fund:
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What are the minimum
initial and subsequent investments for regular and IRA
accounts?
$1,000 is the minimum required
to open a Regular,
IRA, and Education Savings account. Minimum subsequent
investments are $100.
When an account
is opened under the Midas Automatic Investment Program,
the minimum initial investment is $100.
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What are your IRA fees?
There is no fee to open
an IRA and no annual fiduciary or maintenance fee.
$10 fee
if you are redeeming when you are under the age of 59-½.
$20
termination fee.
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Can I exchange between
Funds? If so, are there any fees?
There is no charge to
make an exchange. For shares that are redeemed within 30
days of purchase, except for Midas Dollar Reserves, there
is a 1% redemption fee retained by the Fund.
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Do any of your Funds
offer a check writing privilege?
Yes, Midas Dollar Reserves
offers free, unlimited check writing and free personalized
checks. You may make checks payable to the order of anyone,
with a minimum of only $250 per check.
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Do you offer a systematic
withdrawal plan?
Yes. If you own Fund shares with a value
of at least $20,000 you may elect an automatic monthly
or quarterly withdrawal from your account, with the amount
mailed to you or to your bank account.
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What is needed to receive
a distribution from my IRA account?
A distribution form
can be obtained here or by calling 1-800-400-MIDAS
(6432) or you can write a letter of instruction. A signature
guarantee is needed if the distribution is not going to
the address of record.
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Where can I get my signature
guaranteed?
To obtain a signature
guarantee, you must sign in the presence of an authorized
officer of an eligible guarantor institution. Eligible
guarantors include Domestic (U.S.) Banks, Domestic (U.S.)
Savings Associations, Domestic (U.S.) Brokers, Dealers,
Municipal Securities Brokers, Government Securities Dealers
and Securities Brokers, Domestic (U.S.) Credit Unions,
or members of Domestic (U.S.) National Securities Exchanges,
Registered Securities Associations and Clearing Agencies.
Each shareholder's signature must have a "New Technology" Medallion Signature Guarantee Stamp. The stamp (pictured) has a bar code and is stamped in light green ink by most banks or brokers.
If you have questions, please contact a Shareholder Service Representative at 1-800-400-MIDAS (6432).
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What types of automatic
investment programs do you offer?
We offer the Midas Automatic
Investment Program. With this program, you can establish
a convenient and affordable long term program of investing
as little as $100 per month through one or more of the
Plans explained below. Questions? Just call 1-800-400-MIDAS
(6432) today.
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How do I get a password
to access my account online?
The password to access
your account online will be mailed to you at your registered address. After accessing your account online through the Midas Touch, you can change your password.
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What mailing address do I send
any correspondence to?
Midas Funds
P.O. Box 6110
Indianapolis, IN 46206-6110
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What is your overnight
express mail address?
Midas Funds
2960 North Meridian Street, Suite 300
Indianapolis, IN 46208
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How do I send a bank wire to make an investment in the Midas Funds?
Call
Midas toll-free at 1-800-400-MIDAS (6432), 8 a.m.-6 p.m.
Eastern time, to be assigned an account number and for wiring instructions.
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What do I need to do
to change the address on my account?
Send us a letter of
instruction including your name and account number. We
will restrict the mailing of redemption proceeds to your
address of record within 30 days of such address change
unless you provide a letter of instruction with your signature
guaranteed (see above).
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How do I change my bank
address on my account?
Send us a letter of
instruction with your signature guaranteed (see above) and a copy of
a voided check reflecting your new bank account.
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How can I redeem shares
in my account and have the proceeds mailed to an address
different than my current address of record?
Send us a letter of
instruction with your signature guaranteed (see above).
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On what holidays are
the Funds closed?
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New Year's Day |
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Birthday of Martin Luther King,
Jr. |
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President's Day |
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Good Friday |
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Memorial Day |
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Independence Day |
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Labor Day |
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Thanksgiving Day |
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Christmas Day |
Please Note: On Columbus Day and Veteran's
Day the stock market remains open while banks are closed.
Accordingly, for Midas Dollar Reserves, all checks, purchases
and redemptions that are received on either of those days
will be processed the following business day.
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What do I need to change my account
registration:
Upon
the Death
of the Shareholder:
 Letter
of instruction with signature guaranteed by the executor
of the estate
Certified copy of letters of testamentary or letters of appointment
dated with 60 days
Certified copy of death certificate
New application to re-register or W-9 form to liquidate with
payee's SS# or TIN
Upon the Death of a Joint Tenant:
Letter of instruction with signature guaranteed signed
by surviving shareholder
Certified copy of death certificate
New application to re-register or W-9 form to liquidate
with payee's SS# or TIN
From a Single
Account to a Joint Account:
Letter of instruction with signature guaranteed
New application with both owners' signatures
From a Joint Account
to a Single Account:
Letter of instruction signed by all owners with signatures
guaranteed
New application
From
a Single or a Joint Account to Trust Account:
Letter of instruction signed by all owners with signatures
guaranteed
Copy of first and last page of the trust document
New application
W-9 form to certify trust EIN#
For a Name Change on a Joint Account:
Letter of instruction signed by all owners with signatures
guaranteed; signatures should contain old and new name
New application
On a UGMA/UTMA (former minor requesting change):
Letter of instruction by the former minor with signature
guaranteed
Certified copy of the former minor's birth certificate
New application signed by former minor or W-9 form to liquidate
On a UGMA/UTMA (custodian requesting change
for former minor):
Letter of instruction by the custodian with signature guaranteed
New application signed by former minor
For a Transfer or Liquidation Pursuant to a
Divorce Decree:
Letter of instruction signed by current account holder
with signature guaranteed
Certified copy of divorce decree (obtained from court where
divorce decree was filed)
New account application or W-9 form to liquidate
For a Rollover or Liquidation
by the Surviving Spouse Beneficiary due to death of IRA
holder:
Letter of instruction signed by the named beneficiary on
the account with signature guaranteed
Certified copy of death certificate
New IRA application or W-9 form to liquidate certifying
SS# of the recipient
For a Rollover or Liquidation
by the Non-Spouse Beneficiary due to death of IRA holder:
Letter of instruction signed by non-spouse beneficiary
with signature guaranteed
Certified copy of death certificate
New application if rolling over into a new account or W-9
form to liquidate
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We have
an in-depth plan in order to provide business continuity.
Click
here to review a summary of the plan.
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Prospectus
