President Bush signed the Jobs and Growth Reconciliation Act of 2003 into law in May. It’s the third largest tax cut in U.S. history, expected to benefit 136 million taxpayers. The major benefits for most taxpayers are:
An increased child tax credit, with advance payment checks being mailed to eligible taxpayers
Reduced tax rates on dividends and capital gains
“Marriage penalty” tax relief
Lower income tax rates for most taxpayers
If you have questions about your individual situation, contact your plan administrator or a personal adviser, such as an accountant, attorney or other tax professional.
The new tax law has sunset provisions that will expire unless Congress extends the law.
Armada Funds, National City Investment Management Company, Professional Funds Distributor, and their affiliates do not render tax advice. For tax advice specific to your situation, please consult your tax advisor.
Past performance is no guarantee of future results. Mutual funds involve risk, including possible loss or principal. Shares of Armada Funds are not insured by the FDIC, are not deposits or obligations of, or guaranteed by the bank, and involve investment risk.
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NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE
You should consider the investment objectives, risks,
charges and expenses of the Armada Funds carefully before investing. A prospectus may be downloaded and viewed with
this and other information about the Funds or may be obtained by contacting an
investment professional or by calling 1-800-622-FUND (3863.) Please read it
carefully before you invest or send money.
National City Investment
Management Company (IMC) serves as investment adviser to Armada Funds for which
it receives an investment advisory fee. Shares of Armada Funds are distributed
by Professional Funds Distributor, LLC (PFD), 760 Moore Road, King of Prussia,
PA 19406. PFD is not affiliated with IMC and is not a bank.
