Amana Mutual Funds Trust 2012
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The Corporation is a mutual fund corporation as
defined in the Income Tax Act (“Canada”) with a
September 30th tax year-end. All of the outstanding
share classes are aggregated in determining the tax
position of the corporation as a whole. Interest and
foreign income are taxed at corporate rates subject to
permitted deductions for expenses. The taxable
portion of net capital gains is subject to tax at
corporate rates applicable to mutual fund corporations,
but taxes paid thereon are refundable. This tax is
refundable by virtue of refunding provisions in tax
legislation as redemptions occur or by payment of
capital gains dividends to shareholders. It is the
intention of the corporation to pay...
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Amana Mutual Funds Trust 2012
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Amana Mutual Funds Trust 2012
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