The Miller Family of Funds Estimate Year End Distributions

WELLESLEY, Mass.--()--The Miller Family of Funds, consisting of the Miller Convertible Bond Fund, the Miller Convertible Plus Fund and the Miller Intermediate Bond Fund, today announced the 2016 preliminary estimated year end income and capital gain distributions for all funds.

These preliminary estimates may change between the date of this press release and the ex-dividend date. A precise estimate of the amount of the per share distribution is not possible because the number of shares outstanding on record date cannot be determined in advance or due to certain tax adjustments and other factors.

The distributions are expected to be paid on December 29, 2016 to shareholders of record as of December 28, 2016. The ex-dividend and reinvestment dates will be on the expected payment date.

As of the date of this press release, the per share distribution is estimated as follows:

               

Preliminary Year End 2016 Distribution

                       
Miller Convertible Bond Fund    

MCIFX
Class I

   

MCFAX
Class A

   

MCFAX.lw
Class A no load

   

MCFCX
Class C

Estimated year end income per share     $0.01     None     None     None
Estimated year end short-term capital gain per share     None     None     None     None
Estimated year end long-term capital gain per share     None     None     None     None
                         
Miller Convertible Plus Fund    

MCPIX
Class I

   

MCPAX
Class A

   

MCPAX.lw
Class A no load

   

MCCCX
Class C

Estimated year end income per share     $0.11     $0.10     $0.10     None
Estimated year end short-term capital gain per share     None     None     None     None
Estimated year end long-term capital gain per share     None     None     None     None
                         
Miller Intermediate Bond Fund    

MIFIX
Class I

   

MIFAX
Class A

   

MIFAX.lw
Class A no load

   

MIFCX
Class C

Estimated year end income per share     $0.06     None     None     None
Estimated year end short-term capital gain per share     None     None     None     None
Estimated year end long-term capital gain per share     None     None     None     None
 

About Wellesley Asset Management, Inc. Trusted advisors to a global client base, Wellesley Asset Management, Inc. (Wellesley) is an SEC registered investment advisory firm with assets under management exceeding $2 billion, serving high net-worth individuals, institutions, pensions, family offices, registered investment advisors and other investment professionals. Founded by Greg Miller, CPA and Darlene Murphy, CPA, CFP®, and now celebrating its 25th year of serving clients, Wellesley specializes in the management of convertible bonds deploying absolute return-seeking strategies.

The information has not been audited and may contain estimates. No Fund is a complete investment program and you may lose money investing in a Fund.

Record Date: The date established by an issuer of a security for the purpose of determining the holders who are entitled to receive a dividend or distribution.

Ex-Dividend Date: The date on or after which a security is traded without a previously declared dividend or distribution. After the ex-date, a stock is said to trade ex-dividend.

Payable Date: The date on which a declared stock dividend is scheduled to be paid.

All fixed-income securities are subject to two types or risk: credit risk and interest rate risk. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed income securities go up. A portion of the Fund’s securities may be rated below investment grade. Lower rated fixed-income securities are subject to greater risk of loss of income and principal than higher-rated securities. The prices of lower rated bonds are likely to be more sensitive to adverse economic changes or individual corporate developments. Investments in convertible securities subject the Fund to the risks associated with both fixed-income securities and common stocks. Exchangeable and synthetic convertible securities may be more volatile and less liquid than traditional convertible securities. In general, stock and other equity security values fluctuate, and sometimes widely fluctuate, in response to activities specific to the company as well as general market, economic and political conditions. The Fund may invest a significant amount of its assets in a particular industry, market, or sector. The value of its shares may be more susceptible to adverse changes within that market or sector than a Fund that does not focus its investments.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Miller Family of Funds. Current performance information and the prospectus, which contains important information about the Miller Family of Funds, can be obtained by calling 781-416-4000. The prospectus should be read carefully before investing. The Miller Family of Funds is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC. Wellesley Asset Management, Inc. and Northern Lights Distributors, LLC are not affiliated.

NOT FDIC INSURED – NOT BANK GUARANTEED – MAY LOSE VALUE
SOURCE Wellesley Asset Management, Inc.
DM1200816-2-87
2465-NLD-12/8/2016

Contacts

Wellesley Asset Management, Inc.
Jay Russo, 781-416-4000
Executive Vice President
jrusso@wia.cc

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Release Summary

The Miller Family of Funds today announced the 2016 preliminary estimated year end income and capital gain distributions for all funds.

Wellesley Asset Management, Inc.