New York City-based Midas Funds [profile] have re-upped with Huntington Asset Services for its closed-end and open-end mutual funds. The mutual fund family has been with Huntington since 2002, according to executives.
Joe Rezabek, president of Huntington Asset Services, stated that Huntington provides investment accounting solutions, tax services, and transfer agency services to Midas.
The new contract extends the relationship through March of 2015.
Huntington Asset Services announces extension of relationship with Midas Family of Funds
COLUMBUS, Ohio, Jul 23, 2012 -- Huntington Asset Services, Inc., a wholly owned subsidiary of Huntington Bancshares Incorporated /quotes/zigman/73472/quotes/nls/hban HBAN +1.05% , has extended its relationship with the Midas Family of Funds through March 2015. Midas has been a Huntington Asset Services client since 2002.
The Midas mutual funds invest across a variety of sectors with varying objectives: Midas Fund, Inc. (MIDSX) seeks capital appreciation and protection against inflation and, secondarily, current income and invests in the securities of companies involved in mining, processing, fabricating, and the distribution of natural resources and precious metals. Midas Perpetual Portfolio, Inc. (MPERX) seeks to preserve and increase the purchasing power value of its shares over the long term using a target asset allocation strategy. Midas Magic, Inc. (MISEX) invests aggressively for solely capital appreciation in any type of security.
"Huntington Asset Services provides investment accounting solutions, tax services, and transfer agency services to Midas, and we are excited to continue our exceptional service and strong support of them," said Joe Rezabek, president of Huntington Asset Services. "Midas chose to stay with Huntington because of our comprehensive solutions that support both their closed-end and open-end fund products. They also chose to extend the relationship because of our continuing investment in staff and technology infrastructure."
"Providing our clients with the opportunity to achieve their long term financial goals is the foundation of our business, and Huntington Asset Services has helped us provide that since 2002," said Thomas O'Malley, chief financial officer at Midas Funds. "We are proud to announce that our relationship with Huntington will continue and excited for the opportunities it will bring us in the future."
About Midas
Investors should carefully consider the investment objectives, risks, charges and expenses of the Midas Funds by reading the prospectus carefully before investing or sending money. Consult with your tax advisor or attorney regarding specific tax issues. Investment products, including shares of the Midas Funds, are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by, any financial institution and involve investment risk, including possible loss of principal and fluctuation in value. For investment risks associated with the Funds, please read "Principal Investment Objectives, Strategies and Risks," and "Additional Investment Risks" in the free prospectus, which contains this and other important information about the Midas Funds. You can obtain a prospectus by contacting us at 1-800-400-MIDAS (6432) or downloading it by visiting www.MidasFunds.com .
Distributed by: Midas Securities Group, Inc. Member: FINRA
About Huntington Asset Services
Huntington Asset Services, Inc., a subsidiary of Huntington Bancshares Incorporated /quotes/zigman/73472/quotes/nls/hban HBAN +1.05% , has been providing mutual fund service solutions for more than 40 years. Huntington's fully integrated services include fund administration, accounting, transfer agency, compliance, distribution and custody for clients with combined assets of more than $45 billion. Huntington's comprehensive solutions support both standalone and series trust structures. Based in Indianapolis, Huntington Asset Services, Inc. and Unified Financial Securities, Inc. are wholly owned subsidiaries of Huntington Bancshares Incorporated /quotes/zigman/73472/quotes/nls/hban HBAN +1.05% , a $56 billion regional bank holding company headquartered in Columbus, Ohio. More information is available at www.HuntingtonAssetServices.com .
Investment and insurance products are:
NOT A DEPOSIT * NOT FDIC INSURED * NOT GUARANTEED BY THE BANK * NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY * MAY LOSE VALUE
About Huntington
Huntington Bancshares Incorporated is a $57 billion regional bank holding company headquartered in Columbus, Ohio. The Huntington National Bank, founded in 1866, provides full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial products and services. The principal markets for these services are Huntington's six-state banking franchise: Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network of more than 680 traditional branches and convenience branches located in grocery stores and retirement centers, and through an array of alternative distribution channels including internet and mobile banking, telephone banking, and more than 1,350 ATMs. Through automotive dealership relationships within its six-state banking franchise area and selected other Midwest and New England states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
The Huntington National Bank, Member FDIC. The logo mark and Huntington(R) are federally registered service marks of Huntington Bancshares Incorporated.
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