/EINPresswire.com/ -- NEW YORK, NY -- (Marketwired) -- 01/04/16 -- Midas Magic (NASDAQ: MISEX) and Midas Perpetual Portfolio (NASDAQ: MPERX) paid a distribution of $4.173 per share and $0.019 per share, respectively, on December 30, 2015 to shareholders of record as of December 29, 2015.

As of December 30, 2015, based on each Fund's results and estimates for the 2015 fiscal year, the sources of these distributions were as follows:

Fund                         Net Income        Long Term        Return of
                                             Capital Gain        Capital
------------------------- ---------------- ---------------- ----------------
Midas Magic                       0%             100%               0%
Midas Perpetual Portfolio         0%             100%               0%

The amounts and sources of distributions reported in this press release are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes may be subject to changes based on tax regulations. In early 2016, each Fund intends to send a Form 1099-DIV for the calendar year concerning the tax treatment of the dividend distributions that were paid to shareholders of record during the 12 months ended December 31, 2015.

The distribution was reinvested in each Fund, respectively, or paid out in cash, according to the instructions associated with each shareholder's account.

One of Midas' guiding principles is that we will communicate with our shareholders and prospective investors as candidly as possible because we believe shareholders and prospective investors benefit from understanding our investment philosophy and approach. Our views and opinions regarding the prospects of our portfolio holdings, Funds, and the economy are "forward looking statements" which may or may not be accurate and may be materially different over future periods. We disclaim any obligation to update or alter any forward looking statements, whether as a result of new information, future events, or otherwise. Thus, you should not place undue reliance on forward looking statements, which also speak only as of the date of the Midas communication.

To learn more about the Midas Funds, please visit www.MidasFunds.com.

Distributed by: Midas Securities Group, Inc.
Member: FINRA

Contact:

Midas Funds
Shareholder Services
1-800-400-MIDAS (6432)
www.MidasFunds.com