How to Purchase and Redeem Growth Fund Shares

By Telephone/Fax

You may purchase or redeem shares by telephone at 1-855-755-NEIG (6344) or by Fax at 1-866-205-1499.


You may purchase or redeem shares on-line here.

By Mail:

For purchases, mail your check and a completed account application to the address below. When adding to an existing account, send your check with an Invest-By-Mail form detached from your last statement or you may use the Transaction Request form. For redemptions, mail your Transaction Request form to the address below. Otherwise, send a signed letter and include your account name, account number, redemption amount (shares or dollars) and form of proceeds (check, wire or ACH bank transfer). Mail to:

By regular mail:

Northeast Investors Growth Fund
P.O. Box 2168
Denver, CO 80201

By Overnight mail:

Northeast Investors Growth Fund
ALPS Fund Services, Inc.
Attn: Transfer Agency
1290 Broadway, Suite 1000
Denver, CO 80203

Shares may be purchased or redeemed by check, wire or by ACH bank transfer. On-line purchases must be made by shareholders through ACH bank transfer; on-line redemptions proceeds will be remitted to shareholders by check or through ACH bank transfer. You generally buy and redeem shares at the Fund’s next-determined net asset value (NAV) after the Fund receives your request in good order. The NAV is determined only on days when the New York Stock Exchange (NYSE) is open for regular trading. The minimum initial purchase is $1,000 ($500 for IRAs). There is no minimum for subsequent investments; however, there is a $10 minimum for scheduled purchases and scheduled redemptions.


Important Notice

May 19, 2017

Dear Fellow Shareholder:

For more than 30 years, Northeast Investors Growth Fund (the “Fund”) has sought to help shareholders build and preserve wealth. The Fund has survived market fluctuations, wide economic swings and a myriad of domestic and foreign political upheavals. Our mission has always been to consider first and foremost the long-term interest of our shareholders. In keeping with this mission, on May 18, 2017, the Board of Trustees of the Fund (the “Board”) approved the involuntary redemption of all the Fund’s shares outstanding as of June 29, 2017. The Board also approved the subsequent liquidation and dissolution of the Fund.

For some time, the Fund’s investment advisor, Northeast Management and Research Co., Inc. (the “Advisor”) and the Board have been monitoring the Fund’s size and have taken many steps to reduce the Fund’s expenses. The death of Billy Oates, the sole owner of the Advisor and President of the Fund, accelerated this discussion. The Board approved an interim contract allowing the Advisor to continue managing the Fund through July 14, 2017. However, in order to continue managing the Fund after that date, a meeting of the shareholders and subsequent vote to approve a new investment advisory agreement is required. The estimated cost of this effort would be high relative to the size of the Fund and such cost would be borne by the Fund’s shareholders. The Advisor and the Board considered alternatives to the Fund’s liquidation, including the possibility of the Advisor’s acquisition and the Fund’s combination with another mutual fund, but the Board determined that the Fund’s liquidation was in the best interests of the shareholders. Additionally, as you the shareholder know, the Fund is not part of a larger fund complex. It is a stand-alone Fund that does not afford investors different investment opportunities, making it less attractive to new investors. Finally, increasing regulatory burdens and associated costs of operating mutual funds have made it very difficult for the Fund to compete with larger funds that have the scale to manage these costs. After careful consideration, the Advisor recommended liquidation to the Board and the Board concluded that liquidation was in the best interest of the shareholders.

Prior to June 29, 2017, shareholders may continue to redeem their shares at their net asset value in accordance with the procedures set forth in the Fund’s Prospectus.

All shareholders will receive a package in the mail which will include this letter and a Transaction Request form with instructions on how to redeem their shares. IRA owners will receive this letter and an IRA Distribution form plus additional information regarding their redemption options.

All shares that are not redeemed prior to June 29, 2017 will be involuntarily redeemed at their net asset value on that date without any approval or action of shareholders.

We thank you for the time that you were a shareholder of the Fund and remind you that we at Northeast Management and Research Company, Inc. and our affiliated investment adviser, Northeast Investment Management, Inc., remain committed to providing a high level of service to all of our clients. If you have any questions, please call us at 1-855-755-6344 Monday through Friday from 9 a.m. to 8 p.m. Eastern time or visit our website at

Nancy M. Mulligan