Capital Gains & Dividends

    Capital Gains & Dividends

2025 Estimated Capital Gains

November 11, 2025

Dear Shareholders,

This letter is to notify you of the projected year-end capital gains distributions that you may incur as a result of investments in the Value Line Family of Funds.

Based upon the number of shares outstanding at November 10, 2025 and the realized capital gains through the valuation date, October 31, 2025, the Funds listed below project the following year-end capital gains distributions. This amount may change as a result of developments during the remainder of the year.

Fund Short Term
Capital Gain		 Long Term
Capital Gain		 Total
Per Share		 Record Date Ex./Pay Date
Mid Cap Focused Fund – $0.699 $0.699 12/16 12/17
Larger Companies Focused Fund – $3.814 $3.814 12/16 12/17
Asset Allocation Fund – $3.157 $3.157 12/16 12/17
Capital Appreciation Fund $0.085 $0.828 $0.913 12/16 12/17
Select Growth Fund – $2.620 $2.620 12/16 12/17
Small Cap Opportunities Fund – $3.785 $3.785 12/16 12/17

2025 Monthly Distribution

Fund Ex. Date Pay Date Ordinary
Income		 Short Term Long Term Total
Per Share
VL Core Bond - VAGIX 10/31 10/31 $0.04178 – – $0.04178
9/30 9/30 $0.03401 – – $0.03401
8/29 8/29 $0.03711 – – $0.03711
7/31 7/31 $0.04267 – – $0.04267
6/30 6/30 $0.03746 – – $0.03746
5/30 5/30 $0.03928 – – $0.03928
4/30 4/30 $0.04109 – – $0.04109
3/31 3/31 $0.04666 – – $0.04666
2/28 2/28 $0.04492 – – $0.04492
1/31 1/31 $0.04584 – – $0.04584

2024 Year-End Distributions (Finalized)

Record Date: 12/17/2024
Ex Date: 12/18/2024
Payable Date: 12/18/2024
Reinvest Date: 12/18/2024

Fund Ticker Class Ordinary
Income		 Short Term
Capital Gain		 Long Term
Capital Gain		 Total
Per Share
Small Cap Opportunities Fund VLEOX Inv. - - $0.05432 $0.05432
  VLEIX Instl. - - $0.05432 $0.05432
Mid Cap Focused Fund VLIFX Inv. $0.01875 - $0.32166 $0.34041
  VLMIX Instl. $0.09651 - $0.32166 $0.41817
Larger Companies Focused Fund VALLX Inv. - - $0.97195 $0.97195
  VLLIX Instl. - - $0.97195 $0.97195
Select Growth Fund VALSX Inv. $0.03484 - $3.82785 $3.86269
  VILSX Instl. $0.13187 - $3.82785 $3.95972
Asset Allocation Fund VLAAX Inv. $0.63547 $0.00864 $3.46708 $4.11119
  VLAIX Instl. $0.74763 $0.00864 $3.46708 $4.22335
Capital Appreciation Fund VALIX Inv. $0.10010 - - $0.10010
  VLIIX Instl. $0.12953 - - $0.12953
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2024 Year End Federal & State Tax Information

Tax Filings/Forms

If you have any questions please call 800.243.2729.

View Capital Gains, Dividends & Tax Info Archive

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Through decades of bulls and bears, we’ve stood the test of time.

You should carefully consider investment objectives, risks, charges and expenses of Value Line Funds before investing. This and other information can be found in the fund’s prospectus and summary prospectus, which can be obtained free of charge from your investment representative, by calling 800.243.2729, or by clicking on the applicable fund at www.vlfunds.com. Please read it carefully before you invest or send money. Value Line Funds are distributed by EULAV Securities LLC. Past performance is no guarantee of future results.

Although the information provided on this site has been obtained from sources which EULAV Securities LLC believes to be reliable, it does not guarantee accuracy or completeness of such information.

Value Line, Value Line Logo, Timeliness, Safety are trademarks or registered trademarks of Value Line Inc. and/or its affiliates in the United States and other countries. Used by permission.


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