Income from U.S. Government Securities – Calendar Year 2007
During the calendar year, certain funds invested in securities issued by the United States government or other federal agencies (collectively, "U.S. Government Securities").
Under federal law, the interest on these securities is exempt from state taxation. Also exempt from state income tax in certain states: the dividend income a mutual fund shareholder receives that is derived from the fund's investment in these U.S. Government Securities.
The table below provides the percentages of calendar year 2007 ordinary income dividends derived from investments in U.S. Government Securities.
To determine the amount which may be exempt from state income tax, multiply the amount reported in box 1a of Form 1099-DIV by the percentage below.
California, Connecticut, and New York require that a mutual fund maintain certain minimum investments in U.S. Government Securities in order for the dividend income derived from these obligations to be exempt from state income tax. None of the Funds listed below met these requirements for calendar year 2007.
Percentage of Income Derived from U.S. Government Securities During 2007
| Fund |
Percentage of Income |
|
Select Value Fund
|
1.94 %
|
|
Value Plus Fund
|
3.00 %
|
|
Value Fund
|
0.54 %
|
Where to Get More Information
To Order Duplicate Statements or Obtain Account Information
To obtain duplicate statements or other account information, contact Heartland Funds Shareholder Services toll-free at 1-800-432-7856.
Representatives are available from 8 a.m. to 7 p.m. CST, Monday through Friday.
Account information may also be accessed online by logging into your account.
Tax Forms, Instructions and Publications:
Access the IRS Web Site to download forms, instructions and publications.
IRS Forms Distribution Center: 1-800-TAX FORM
Forms, instructions and publications can also be found at your bank, post office or library. For additional information about completing your return contact the IRS directly at 1-800-829-1040.
The IRS also has a 24-hour touch-tone Tele-Tax service and free publications that provide detailed explanations of specific tax issues.
IRS Tele-Tax Topics: 1-800-829-4477. See instructions for Form 1040 for a list of topics
For any other questions, please call 1-800-432-7856.