The board of trustees of the Forward Funds
declared dividend distributions for the Forward Emerald Growth
Fund and the Forward Emerald Banking and Finance Fund. Shareholders
of record as of August 15, 2005 are eligible to receive the distributions.
| RECORD DATE |
August 15, 2005 |
| EX-DATE |
August 16, 2005 |
| PAYABLE DATE |
August 22, 2005 |
The Forward Emerald Funds affected and
the types and amounts of distributions are as follows:
Forward
Emerald Growth Fund Class A and Class C
$0.295941 - All Long-Term Capital
Gains
Forward
Emerald Banking & Finance Fund Class A and Class C
$0.865176 - All Long-Term Capital
Gains
Distributions will be paid on August 22, 2005. The distribution
amounts were subtracted from each specific fund’s closing
price per share on Tuesday, August 16, 2005.
The Forward Emerald Opportunities Fund made no dividend distributions.
Additional information about the Funds can be found at www.forwardfunds.com/emerald.
You should consider the investment objectives, risks, charges
and expenses of the Forward Emerald Funds carefully before investing.
A prospectus with this and other information about the Funds
may be obtained by calling (800) 232-0224 or download one at
www.forwardfunds.com/emerald. It should be read carefully before
investing.
Small company stocks are generally riskier than large company stocks due to greater volatility and less liquidity.
The Forward Funds and Sierra Club Mutual Funds are distributed by ALPS Distributors, Inc. |
