For Use With:
Churchill
Tax-Free Fund of Kentucky*, Hawaiian Tax-Free Trust**,
Narragansett Insured
Tax-Free Income Fund**, and Tax-Free Fund For Utah*.
| INVESTMENT |
SALES
CHARGE |
DEALER
REALLOWANCE |
FORMULAS**** |
| A |
B |
Less
than $25,000 |
4.00% |
3.50% |
0.9600 |
1.0000 |
$25,000
but less than $50,000 |
3.75% |
3.50% |
0.9625 |
1.0025 |
$50,000
but less than $100,000 |
3.50% |
3.25% |
0.9650 |
1.0050 |
$100,000
but less than $250,000 |
3.25% |
3.00% |
0.9675 |
1.0075 |
$250,000
but less than $500,000 |
3.00% |
2.75% |
0.9700 |
1.0100 |
For Use With:
Aquila
Three Peaks High Income Fund**, Tax-Free Fund of Colorado**,
Tax-Free
Trust of Arizona*, and Tax-Free Trust of Oregon**.
Click Here to Download Tax-Free Trust of Oregon Sales Charge Prospectus Page.
| INVESTMENT |
SALES
CHARGE |
DEALER
REALLOWANCE |
FORMULAS**** |
| A |
B |
Less
than $25,000 |
4.00% |
3.00% |
0.9600 |
1.0000 |
$25,000
but less than $50,000 |
3.75% |
3.00% |
0.9625 |
1.0025 |
$50,000
but less than $100,000 |
3.50% |
2.75% |
0.9650 |
1.0050 |
$100,000
but less than $250,000 |
3.25% |
2.75% |
0.9675 |
1.0075 |
$250,000
but less than $500,000 |
3.00% |
2.50% |
0.9700 |
1.0100 |
For Use With:
Aquila
Three Peaks Opportunity Growth Fund**
| INVESTMENT |
SALES
CHARGE |
DEALER
REALLOWANCE |
FORMULAS**** |
A |
Less
than $10,000 |
4.25% |
3.75% |
0.9575 |
| $10,000
but less than $25,000 |
4.00% |
3.50% |
0.9600 |
| $25,000
but less than $50,000 |
3.75% |
3.50% |
0.9625 |
$50,000
but less than $100,000 |
3.50% |
3.25% |
0.9650 |
$100,000
but less than $250,000 |
3.25% |
3.00% |
0.9675 |
$250,000
but less than $500,000 |
3.00% |
2.75% |
0.9700 |
For Use With:
All
the funds
| INVESTMENT |
SALES
CHARGE |
DEALER
REALLOWANCE |
FORMULAS**** |
| A |
B |
$500,000
but less than $1,000,000 |
2.50% |
2.25% |
0.9750 |
1.0150 |
$1,000,000
but less than $2,500,000 |
0%*
or 0%** |
1.00% |
1.0000 |
1.0400 |
$2,500,000
but less than $5,000,000 |
0%*** |
0.50% |
1.0000 |
1.0400 |
| $5,000,000
or more |
0% |
0.25% |
1.0000 |
1.0400 |
* For a purchase
of at least $1,000,000 but less than $2,500,000 in the Churchill Tax-Free
Fund of Kentucky, the Tax-Free Fund For Utah, or the Tax-Free Trust of
Arizona, there is a CDSC of 1% for the first two years.
** For a purchase of at least $1,000,000 but less than $2,500,000 in the
Aquila Three Peaks High Income
Fund, the Aquila Three Peaks Opportunity Growth Fund, the Hawaiian Tax-Free Trust, the Narragansett Insured Tax-Free Income
Fund, the Tax-Free Fund of Colorado, or the Tax-Free Trust of Oregon,
there is a CDSC of 1% for the first two years and a CDSC of 0.50% for
the third and fourth year.
*** For a
purchase of at least $2,500,000 but less than $5,000,000 in any fund,
there is a CDSC of 0.50% for the first year and a CDSC of 0.25% for the
second year.
**** To calculate
the offering price per share for clients whose investment size has
a reduced sales charge, you DIVIDE THE NET
ASSET VALUE BY COLUMN A (which represents 1 - sales charge).
To approximate
the yield for clients whose investment entitles them to a reduced sales
charge, you may MULTIPLY THE CURRENT YIELD BY COLUMN
B (which represents 1 + [(maximum sales charge - reduced sales charge)/100]. Not applicable to Aquila Rocky Mountain Equity
Fund.
Class C Shares
The Distributor
will pay 1% of the sales price to any broker/dealer executing a Class
C Share purchase. |
