Frequently Asked Questions
1. Why is the Century Small Cap Select
Fund (CSCSF) closing?
Upon the recommendation of the Fund's
Advisor, the Trustees have determined that
closing the Fund should limit the growth
of assets in the portfolio and thus protect
the best interest of its long-term shareholders.
By implementing these restrictions on new
assets, the Trustees hope to preserve the
research-intensive investment process, which
has guided the Fund since its inception
some five years ago.
2. I have an account in the CSCSF.
Will I be able to make purchases after July
18, 2005?
Yes. You may continue to make additional
purchases into the Fund as well as reinvest
capital gains and dividends if you so desire.
3. I have an account in Century Shares
Trust (CST). Will I be able to exchange
shares into CSCSF?
No. You may not exchange into CSCSF after
July 18, 2005 unless it is into an existing
CSCSF account.
4. I am a financial advisor with existing
client accounts in CSCSF. Will I be able
to add new assets to those accounts?
Yes. You may continue to add assets to
your existing client accounts.
5. I am a financial advisor with existing
client accounts in CSCSF. Will I be able
to open new client accounts in the Fund?
Yes. An advisor with existing clients
accounts established prior to July 18, 2005,
may establish new accounts for his/her clients.
6. I am a financial advisor with existing
client accounts in CST. Will I be able to
open new accounts in CSCSF?
No. Financial advisors without existing
positions in CSCSF prior to July 18, 2005
may not open new accounts in the Fund.
7. I have an existing account in CSCSF.
Will I be able to open an account for my
wife or other existing family member or
acquaintance?
No.
8. I am an acquaintance of an employee
of Century Capital Management LLC. Will
I be able to open an account in CSCSF?
No. Only direct employees of CCM LLC,
their family members, and the Trustees of
the Fund are eligible to open a new account
after July 18, 2005.
9. I am a registered representative
with a broker/dealer with existing client
accounts. Will I be able to add to those
accounts?
Yes. You may continue to add assets to
your existing client accounts.
10. I am a registered representative
with a broker/dealer. My broker/dealer has
existing positions in the Fund, however
I have no existing client accounts. Will
I be able to add new client accounts after
July 18, 2005?
No. Representatives of a broker/dealer
without existing positions in CSCSF prior
to July 18, 2005 may not open new accounts
in the Fund even if the broker/dealer has
existing positions, unless those new accounts
will exist within firm's discretionary asset
allocation program.
11. My 401(k) plan offers CSCSF as
an option. Will I be able to choose the
Fund as an allocation or add to my existing
allocation after July 18, 2005?
Yes. 401(k) plan participants, pension
plans, and other employee benefit plans
that offer CSCSF as an investment option
may continue to invest in the Fund after
July 18, 2005.
12. Will the closing of CSCSF have
any impact on CST?
No, Century Shares Trust remains open
to new and existing investors.
13. In the event where a beneficiary
receives funds, will that beneficiary be
able to set up an account in their name?
Also will they be able to set up an account
where they contribute to it?
No, the beneficiary will not be able
to set up an account in their name or contribute
to it.
14. Can a shareholder gift shares
and allow the recipient to open a new account?
Will they be able to contribute?
No, a shareholder cannot gift shares
to a recipient in order to open a new account.
Click here for additional information.
Supplement to the Prospectus Dated February
28, 2007
|
