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To establish a Traditional or Roth IRA, complete a Weitz Funds IRA Application, which is included in our Traditional IRA & Roth IRA Application and Forms booklet. You may order this booklet and a prospectus online, by mail, or by calling (800) 304-9745.
The Weitz Funds mailing address:
The Weitz
Funds
P.O. Box 219320
Kansas City, MO
64121-9320
Transferring IRAs to The Weitz Funds
To transfer funds from another IRA custodian to The Weitz Funds, complete a Weitz Funds IRA Transfer/Rollover Form, which is included in our Traditional IRA & Roth IRA Application and Forms booklet. If you do not already have an IRA with The Weitz Funds, you must also fill out a Weitz Funds IRA Application when transferring IRA money. Please submit a copy of your most recent IRA statement.
Rollover from a Qualified Retirement Plan to The Weitz Funds
To complete a rollover from a qualified retirement plan (such as a 401K or profit sharing plan) to an IRA with The Weitz Funds, you must complete the IRA Application as well as the IRA Transfer/Rollover Form. You should check with your retirement plan administrator to determine what other paperwork is necessary to make a distribution from your plan.
Roth IRA Conversions
To convert your Traditional IRA to a Roth IRA, complete a Weitz Funds Roth IRA Conversion Form, as well as a new IRA Application to establish your Roth IRA. You may order these forms by mail or by calling (800) 304-9745. Remember that there are tax consequences and eligibility requirements for conversions to a Roth IRA. Consult your tax adviser before converting.
Changing Beneficiaries
You may designate beneficiaries when you establish your IRA by completing the Beneficiary Designation Section of The Weitz Funds IRA Application. To add, remove, or change beneficiaries, you must complete a Weitz Funds IRA Designation of Beneficiary Form. You may order this form by mail or by calling (800) 304-9745.
To open a new account, complete and sign a Weitz Funds Purchase Application. You may download the application, or you may order an application by mail or by calling (800) 304-9745. Send a check made payable to The Weitz Funds along with the completed application.
The Weitz Funds mailing address:
The Weitz
Funds
P.O. Box 219320
Kansas City, MO
64121-9320
Reminder: The Weitz Funds are offered only by
our Prospectus. Please read the
Prospectus carefully before you invest or send money.
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You may purchase additional shares in an existing account by mail, by wire, or by automatic investment.
By Mail: Complete the remittance stub at the bottom of your statement, being sure to indicate the appropriate account and tax year if making an IRA contribution. Send the remittance stub along with a check made payable to The Weitz Funds. If a remittance stub is not available, please supply the necessary information (name, address, account number, and amount of investment) on a separate piece of paper attached to your check. (Please note: We do not accept cash, money orders, post-dated checks, travelers checks, third-party checks, credit card convenience checks, instant loan checks, checks drawn on banks outside the U.S. or other checks deemed high risk checks.)
By Wire: You must notify Client Services at 402-391-1980 or 800-304-9745 prior to wiring funds for further investment. You must supply your name, address and account number together with the amount being wired and the name of the wiring bank.
Wiring instructions for The Weitz Funds are as follows:
State Street Bank & Trust
ABA# 101003621
DDA# 8907561075
The Weitz Funds Purchase Account
For credit to (indicate appropriate Fund number):
Partners III Opportunity 310 Nebraska Tax-Free Income 311 Value 328 Short-Intermediate Income 329 Government Money Market 330 Partners Value 331 Hickory 332 Balanced 400
For the account of: Your Account Number and Name.
By Automatic Investment: You may automatically transfer funds from your bank account to your Weitz Funds account on the 1st or the 15th of every month (or, if such day is not a business day, on the next following business day). At the time you open an account, you can establish an automatic investment plan (minimum investment of $100) by completing the Automatic Investment Account Option of the purchase application. You can also establish an automatic purchase plan on an existing account. You may download the Automatic Investment Form or call Client Services at 402-391-1980 or 800-304-9745 to request the form by mail. Return the completed form with a voided check to establish your automatic investment plan. Your request to establish automatic investment service must be received by The Weitz Funds at least 15 days prior to the initial automatic investment.
Note for IRA accounts: We will assume that automatic contributions are for the current tax year unless you indicate otherwise on the Automatic Investment Form.
Remember that there are certain limitations and requirements for IRA contributions. These are more fully discussed in the disclosure section of the Traditional IRA & Roth IRA Application and Forms booklet.
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You can redeem shares of a Fund at any time in the following manner:
By Written Request. You can redeem shares of a Fund by sending a redemption request in writing to The Weitz Funds. A written redemption request in good order should include the following:
Written redemption requests can be sent by mail or facsimile transmission to:
By Mail:
The Weitz Funds
P.O. Box 219320
Kansas City, Missouri 64121-9320
By Certified or Overnight Delivery:
The Weitz Funds
c/o Boston Financial Data Services
330 W. 9th, 5th Floor
Kansas City, Missouri 64105
Fax Number: 402-391-2125
By Telephone Request. If you have an individual account directly with The Weitz Funds, you can redeem shares of a Fund over the telephone up to a maximum amount of $100,000. Telephone redemptions cannot be made from IRA accounts, retirement accounts, corporate accounts or certain other accounts. The ability to redeem shares by telephone is automatically established on any account for which telephone redemptions are available unless the account holder requests otherwise. A telephone redemption request can be made by calling 402-391-1980 or 800-304-9745. If an account has multiple owners, The Weitz Funds may rely on the instructions of any one account owner. A telephone redemption in good order should include the following:
Please retain the confirmation number assigned to your telephone redemption as proof of your trade. The Weitz Funds reserve the right to (i) refuse a telephone redemption if they believe it is advisable to do so; and (ii) revise or terminate the telephone redemption privilege at any time.
The Weitz Funds will employ reasonable procedures to confirm that instructions communicated by telephone are genuine, which will include use of specific identifying information. When such procedures are followed, The Weitz Funds will not be liable for losses caused by following telephone instructions which are reasonably believed to be genuine.
Redemption Payments
Payment for the shares redeemed will be made as soon as possible, but no later than seven days after the date of the receipt of your redemption request in good order. Payment will normally be made by check. Payment may also be made by wire transfer in accordance with wire instructions provided in writing to the Funds accompanied by a signature guarantee. The Weitz Funds reserve the right to require you to pay for the cost of transmitting the wire transfer. Your bank may also impose a charge to receive the wire transfer.
To protect you and the Funds, any redemption request received within 15 days of an address change must be accompanied by a signature guarantee.
Once banking instructions are established on your account, you may indicate on any redemption request that you would like to have funds wired.
Note: A signature guarantee must be obtained from an institution participating in the Securities Transfer Agent Medallion Program. Such institutions typically include commercial banks that are FDIC members, trust companies, and member firms of a domestic stock exchange. “STAMP 2000 Medallion Imprints” is the only form of signature guarantee that will be accepted. A notary public is not an eligible guarantor. A signature-guaranteed request may not be faxed.
Withdrawing from your Weitz Funds IRA
To withdraw funds from your Weitz Funds IRA, complete the Weitz Funds IRA Withdrawal Statement. You may order this form by mail or by calling (800) 304-9745. The IRA Withdrawal Statement allows you to make one-time withdrawals or to set up a series of systematic withdrawals. All sections of the form must be completed before a distribution from your IRA can be made.
Note: You must make a federal income tax withholding election for any withdrawal from an IRA. You may elect to withhold a percentage (not less than 10%) of the amount withdrawn, or you may elect not to withhold. You must specify your withholding election in your distribution request.
Remember that there are tax consequences, and sometimes penalties, for withdrawing funds from your Traditional or Roth IRA. These are discussed in the disclosure section of the Traditional IRA & Roth IRA Application and Forms booklet. You should seek competent tax advice any time you take a distribution from your IRA.
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You may exchange shares of one of the Funds for shares of a different Fund. Exchanges will only be made between accounts with identical registrations. The ability to request an exchange by telephone is automatically established on your account unless you request otherwise. You can make an exchange by calling Client Services at (800) 304-9745 or (402) 391-1980. Any exchange request received before the close of the New York Stock Exchange (normally 3:00 p.m. Central Time), on a day on which the New York Stock Exchange is open for business, will be processed at that day's closing prices. You may also request an exchange by fax or by mail.
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You may change your address online or by written request. To change your address online, log into Weitz Funds Account Access and choose "Change Address" at the bottom of the Account Portfolio page. If you are submitting your change in writing, you can use the "Account Change" portion of the remittance stub at the bottom of your statement. If a remittance stub is not available, please mail or fax a letter signed by all account owners which includes your name, your account number(s), and your old and new addresses.
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You may elect to receive our financial reports (fund reports and prospectuses) online instead of receiving them in the mail. By electing to receive your financial reports electronically, you will not only save trees and get your reports faster, but you will help us reduce fund expenses, which could lower your investment costs. At the present time, only financial reports will be available online. You will continue to receive paper copies of your shareholder statements and confirmations.
To start receiving these reports online, log into Account Access and click on the "Electronic Delivery" button at the bottom of the Portfolio page. You will then be instructed to enter your email address and to give consent to receive your reports electronically. If you do not already have a User ID, you will need to establish one in order to log into Account Access.
Once you have elected to receive this information electronically, you will be sent an email notification that will contain a link to the most current Weitz Funds report as soon as the information is available. Simply click on the link or paste the link into your browser and you will have immediate access to fund reports and prospectuses.
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