News - The Pennsylvania Avenue Funds

Year-End Dividend Payment

The Pennsylvania Avenue Funds — Thursday, January 3, 2008 @ 10:42 am

The following distribution was paid on 12/31/2007 to holders of record on 12/28/2007:
$0.1625 Dividend
$0.1761 Long Term Capital Gain
$0.4272 Short Term Capital Gain
Investors who elected reinvestment of dividends received the post-distribution NAV of $12.43.

Online Account Access

The Pennsylvania Avenue Funds — Wednesday, August 22, 2007

You can now access your account online if you hold your investment directly with the fund. If you hold your investment in a brokerage account, please contact your account representative.

Change Of Transfer Agent And Address

The Pennsylvania Avenue Funds — Wednesday, July 24, 2007

Mutual Shareholder Services, LLC, has been retained as the new transfer agent and Accountant of the fund. Our new address is:
The Pennsylvania Avenue Funds
c/o Mutual Shareholder Services, LLC
8000 Town Centre Drive, Suite 400
Broadview Heights, Ohio 44147
Plrease refer to the Prospectus Supplement for more information.

Year-End Dividend Payment

The Pennsylvania Avenue Funds — Thursday, December 28, 2006

The year-end 2006 dividend has the following attributes:
Ex date: 12/28
Pay date: 12/29
Total dividend: $1.238/share

Breakdown:
Long term capital gain: 0.281
Ordinary dividend: 0.957
Qualified dividend income included in ordinary dividend; 0.071

Ticker Symbol PAEDX

The Pennsylvania Avenue Funds — Thursday, August 24, 2006

The Pennsylvania Avenue Event-Driven Fund, Investor Class, now has the ticker symbol PAEDX.

Year-End Dividend Of $0.523 Per Share

The Pennsylvania Avenue Funds — Friday, December 30, 2005

A year-end dividend of $0.523 per shares is paid on December 30, 2005 for holders of record on December 29, 2005. This dividend consists of
$0.073 Long term capital gains
$0.384 Ordinary income
$0.066 Tax return of capital
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$0.523 Total dividend per share
The portion of the dividend labelled "ordinary income" has been designated as consisting entirely of short-term capital gains for purposes of withholding of taxes to non-residents.

Pennsylvania Avenue Funds Available Through Fund/SERV

The Pennsylvania Avenue Funds — Wednesday, December 21, 2005

The Pennsylvania Avenue Event-Driven Fund is now available through the NSCC's Fund/SERV system with level 3 networking.

Website Outage

The Pennsylvania Avenue Funds — Friday, April 1, 2005

We have experienced an extended outage of our website in the last week. If you sent any email communications during the last week to the Fund, please re-send it if you have not yet received a response. We apologize for any inconvenience.