2008 Corporate Dividends Received Deduction

Mutual fund dividends derived from certain domestic corporations may be eligible for the dividends received deduction (DRD) for corporations. To determine the amount that qualifies for the DRD, multiply the total ordinary distributions you received during the calendar year 2008 by the percentage for your Northern Fund in the table below.
 

Northern Funds Percentage of DRD
Enhanced Large Cap Value 92.50%
Growth Equity 97.10%
Income Equity 65.37%
Large Cap Value 95.64%
Mid Cap Index 68.72%
Multi-Manager Large Cap 87.98%
Multi-Manager Mid Cap 71.49%
Select Equity 86.14%
Small Cap Index 86.76%
Small Cap Value 85.49%
Stock Index 96.87%

 

If you have any questions, contact your Relationship Manager, or call the Northern Funds Center at 800/595-9111 weekdays from 7:00 a.m. to 7:00 p.m. CT. 

 
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