PALO ALTO, Calif., June 27 /PRNewswire-FirstCall/ -- Kelmoore Investment Company announced today fund distributions per mutual-fund-share for its three funds. The company announced $0.3250 per mutual-fund-share owned for the June distribution from the Kelmoore Strategy(R) Fund (Nasdaq: KSAIX and KSOIX). The company also announced $0.1500 per mutual-fund- share owned for the June distribution from the Kelmoore Strategy(R) Eagle Fund (Nasdaq: KSEAX and KSECX). And the Kelmoore Strategy(R) Liberty Fund (Nasdaq: KSLAX and KSLCX) paid a distribution of $0.5000 per mutual-fund-share owned for June.


All three Kelmoore funds use the Kelmoore Strategy(R), an investment methodology that seeks to enhance the income generated from an investment portfolio. This strategy combines the purchase of high quality stocks with the sale of Covered Options against these stocks to generate option premium income. The Kelmoore Strategy(R) Eagle Fund is a more aggressive version of the core fund in that it invests in stocks that have greater volatility, thus option premiums can be greater and also involve greater risks. The Kelmoore Strategy(R) Liberty Fund is a more conservative version of the core fund, which partially hedges against downside risk by investing in put options in addition to the income-producing covered writes.

Both covered option writing and equity ownership involve risk and are not suitable for all investors. Investors should not invest in these funds if they seek capital appreciation, predictable levels of income, or are only investing for a short period of time.

You should consider the investment objectives, risks, charges and expenses of the Kelmoore Strategy(R) Funds carefully before investing. A prospectus with this and other information about the Funds may be obtained by calling the distributor at 877-KELMOORE or by visiting . The prospectus should be read carefully before investing.

About Kelmoore

Kelmoore Investment Company, Inc., headquartered in Palo Alto, CA, is an independently owned, licensed general securities broker/dealer. The company was founded in 1978 and acquired by the current management team in 1992. Kelmoore Investment Co. currently has almost $400 million under management in mutual funds and separately managed accounts.

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