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Preliminary capital gain distribution estimates for this year
are shown below to help shareholders with year-end tax planning.
These estimates were prepared using capital gain amounts through
October 31, 2008, and will change based on the number of shares
outstanding on record date and certain other tax adjustments.
Distributions will be paid to investors who own shares of the
Fund on the record date regardless of how long the shares have
been held. If a Fund is not listed below, we do not anticipate
that it will make a capital gain distribution this year.
The
distribution dates listed below are subject to change. Record
Date is the day that determines which shareholders are entitled
to receive the capital gain distribution. Ex-Dividend
Date is the first day on which a fund is traded that a buyer of
the fund is not entitled to receive the distribution. The NAV
on Ex Dividend-Date will also be the reinvest price for shareholders
who have elected automatic dividend reinvestment. Payable
Date is the day on which a declared dividend is paid to shareholders.
Paydenfunds:
Record Date: December 22, 2008
Ex-Dividend
Date: December 23, 2008
Payable Date: December 24, 2008
Payden/Kravitz
Cash Balance Fund:
Record Date: December 26, 2008
Ex-Dividend
Date: December 29, 2008
Payable Date: December 30, 2008
Capital Gain Estimates Per Share
| Payden US Government Fund |
$0.07 |
| Payden/Kravitz Cash Balance Fund |
$0.04 |
View 2007 Capital Gain Payments
View 2006 Capital Gain Payments
View 2005 Capital Gain Payments
View 2004 Capital Gain Payments
View 2003 Capital Gain Payments
For more information and to obtain
a prospectus, visit http://payden.com/mutualFunds/prospectus.asp
or call 800-572-9336. Investors should consider investment objectives,
risks, charges, expenses and other important information, which
are contained in this document. Read the prospectus carefully
before investing. The Paydenfunds are distributed by Payden
& Rygel Distributors, member FINRA.
Investment in foreign securities offers different rewards and
challenges from investing in domestic securities, including
changes in foreign exchange rates, political changes and differences
in reporting standards. | 
