Depending on your state of residence, this information may be relevant to your tax reporting. Please consult your tax advisor for proper treatment of this information in your state of residence.
The above information is not intended to be a representation of percentages of U.S. government income that may be earned by the Payden Funds in the future. The percentages are subject to change and should not be construed as an indication of future results.
(a) Such as U.S. Treasury bills, notes, and bonds
(b) Such as Federal Home Loan Banks, Federal Farm Credit Banks, Student Loan Marketing Association, and Federal Deposit Insurance Corporation
(c) Such as the Government National Mortgage Association, Federal National Mortgage Association, and Federal Home Loan Mortgage Corporation
(d) Collateralized by U.S. government obligations
All of the income distributions paid by the California Municipal Social Impact Fund qualify as exempt-interest dividends for federal income tax reporting.
The following information indicates, by state, the percentages of income earned by the Funds. Any state not listed had no income for the period.
California Municipal Social Impact Fund
Depending on your state of residence, this information may be relevant to your tax reporting. Some states require that a minimum amount of the income earned be from that state in order for any income to be state income tax-exempt. Please consult your tax advisor for proper treatment of this information in your state of residence.
The above information is not intended to be a representation of percentages of municipal income that may be earned by the Payden Funds in the future. The percentages are subject to change and should not be construed as an indication of future results.
For the year ended December 31, 2025, 4.68% of the income earned by the Payden California Municipal Social Impact Fund is subject to alternative minimum tax.
Tax-Exempt Interest Dividends paid to you by the Payden Funds will be reported on Form 1099-INT. In Box 8 of Form 1099, the Fund will report the gross Tax-Exempt Interest Dividends paid to you during the calendar year. In Box 9 of Form 1099, the Fund will report the amount of the Tax-Exempt Interest Dividends subject to Alternative Minimum Tax. Please see your tax advisor in order to determine the taxability of the income reported on Form 1099 INT.
