Introduced this week, the new fund will incorporate the company's proven investment process with micro-cap and small-cap stocks
CHICAGO, March 5, 2014 /PRNewswire/ — Perritt Capital Management is launching The Perritt Low Priced Stock Fund (PLOWX) to take our proven (since 1987) investment process in micro-cap stocks and add small-cap stocks to broaden our opportunities.
(Logo: http://photos.prnewswire.com/prnh/20140305/PH76799LOGO-a)
(Logo: http://photos.prnewswire.com/prnh/20140305/PH76799LOGO-b)
The firm has been asked by our shareholders and financial advisors to offer a new fund incorporating our disciplined investment process with micro-caps and extend it into small-caps. The Fund will invest in micro-cap and small-cap stocks priced under $15 when purchased, providing plenty of room to move.
The Fund will deploy the same investment and stock selection process and research team that has been part of our firm's twenty-five years of experience investing in smaller companies. The co-portfolio managers are Michael Corbett, our Chief Investment Officer (with the firm since 1990), who is joined by portfolio manager, Brian Gillespie who has been working side-by-side with Mr. Corbett since 2005. Michael has served as Portfolio Manager for the MicroCap Opportunities Fund (PRCGX) since 1999 and the Ultra MicroCap Fund (PREOX) since 2004.
Perritt Capital Management focuses on small- and micro-cap stocks because they have historically outperformed the broader market*.
The firm's investment philosophy is to own companies, not trade their stocks. This long-term perspective drives our team to evaluate management teams in a way that we believe will potentially provide our shareholders the most gain.
Perritt Capital Management is also proud to name George Metrou, CFA® as Co-Portfolio Manager of the Perritt MicroCap Opportunities Fund and Matt Brackmann as Co-Portfolio Manager of the Perritt Ultra MicroCap Fund. George and Matt have served as equity analysts on both of the firm's micro-cap strategies since 2005 and 2004, respectively. Michael Corbett remains lead manager on each of the Funds.
Visit us at www.perrittcap.com/index or call Mark Oberrotman at 800-331-8936 for more information.
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company and may be obtained by calling 1-800-331-8936. Read carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. The Funds invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility. The Funds invest in micro-cap companies which tend to perform poorly during times of economic stress. The Fund may invest in early stage companies which tend to be more volatile and somewhat more speculative than investments in more established companies. Low Priced stocks are generally more volatile than higher priced securities. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods.
*According to Ibbotson & Associates Classic Yearbook 2013, $1 invested in micro-cap stocks on January 1, 1926 grew to $19,554 by December 31, 2012. $1 invested in small-cap and large-cap stocks grew to $11,624 and $3,532 over the same time period. Small company stocks defined as the bottom quintile of securities ranked by market capitalization from 1926-2012. Microcap stocks defined as the bottom two deciles, while large company stocks (broad market) are represented by the S&P 500 index. S&P 500 is an unmanaged index which is widely regarded as the standard for measuring large-cap U.S. stock market performance. An investment cannot be made directly in an index. Past performance does not guarantee future results.
The Perritt Funds are distributed by Quasar Distributors, LLC.