-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QuLzJzIBfsqPY1T3KM5ZHqF78wLVmxpcDjxHQ08GbV+/wwFnzs1vjgBrvlU7t8qc 5ollbdBHmfVwDucUrovaQQ== 0000866841-07-000010.txt : 20070815 0000866841-07-000010.hdr.sgml : 20070815 20070815085409 ACCESSION NUMBER: 0000866841-07-000010 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070815 DATE AS OF CHANGE: 20070815 EFFECTIVENESS DATE: 20070815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTEGRITY MANAGED PORTFOLIOS CENTRAL INDEX KEY: 0000866841 IRS NUMBER: 481084551 STATE OF INCORPORATION: KS FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-36324 FILM NUMBER: 071058052 BUSINESS ADDRESS: STREET 1: 1 MAIN STREET NORTH CITY: MINOT STATE: ND ZIP: 58703 BUSINESS PHONE: 7018525292 MAIL ADDRESS: STREET 1: 1 MAIN STREET NORTH CITY: MINOT STATE: ND ZIP: 58703 FORMER COMPANY: FORMER CONFORMED NAME: RANSON MANAGED PORTFOLIOS DATE OF NAME CHANGE: 19920703 0000866841 S000000142 Kansas Municipal Fund C000000311 Class A KSMUX 0000866841 S000000143 Kansas Insured Intermediate Fund C000000312 Class A KSIMX 0000866841 S000000144 Maine Municipal Fund C000000313 Class A MEMUX 0000866841 S000000145 Nebraska Municipal Fund C000000314 Class A NEMUX 0000866841 S000000146 New Hampshire Municipal Fund C000000315 Class A NHMUX 0000866841 S000000147 Oklahoma Municipal Fund C000000316 Class A OKMUX 497 1 supp20070815.htm 15 AUGUST 2007 SUPPLEMENT

SUPPLEMENT TO PROSPECTUSES AND
STATEMENTS OF ADDITIONAL INFORMATION (“SAIs”)
DATED AUGUST 15, 2007

INTEGRITY MANAGED PORTFOLIOS*

THE INTEGRITY FUNDS

 

Kansas Municipal Fund

 

Integrity Small Cap Growth Fund

 

Maine Municipal Fund

 

Integrity Health Sciences Fund

 

Nebraska Municipal Fund

 

Integrity Technology Fund

 

New Hampshire Municipal Fund

 

Integrity Growth & Income Fund

 

Oklahoma Municipal Fund

 

Integrity All Season Fund

Prospectus and SAI dated November 30, 2006

 

Integrity High Income Fund

 

*Kansas Insured Intermediate Fund is intentionally excluded

Prospectus and SAI dated May 1, 2007

 

 

 

MONTANA TAX-FREE FUND, INC.

 

ND TAX-FREE FUND, INC.

 

Prospectus and SAI dated May 1, 2007

 

I.

Please note the following important information with regard to the Class A shares of the Montana Tax-Free Fund, Inc., ND Tax-Free Fund, Inc. and The Integrity Funds ONLY:

 

Currently, the Prospectus for the Integrity Managed Portfolios refers to a 1% Contingent Deferred Sales Charge (“CDSC”) that applies to investments at or above the $1 million breakpoint (where you do not pay an initial sales charge) if shares are redeemed within 12 months of purchase (excluding shares purchased with reinvested dividends and/or distributions). Effective September 1, 2007, for shares purchased on or after September 1, 2007 (whether as a lump sum, or pursuant to our letter of intent program, or otherwise), a 1% CDSC will apply to investments at or above the $1 million breakpoint if shares are redeemed within 24 months of purchase (excluding shares purchased with reinvested dividends and/or distributions), and corresponding references in the Prospectus are hereby modified accordingly. Investments in shares purchased prior to September 1, 2007 at or above the $1 million breakpoint will continue to be subject to a 1% CDSC if shares are redeemed within 12 months of purchase (excluding shares purchased with reinvested dividends and/or distributions).

II.

Please note the following important information with regard to the shares of the funds of the Integrity Managed Portfolios listed above ONLY:

 

Currently, the Prospectus for the Integrity Managed Portfolios refers to a 1% Contingent Deferred Sales Charge (“CDSC”) that applies to investments at or above the $1 million breakpoint (where you do not pay an initial sales charge) if shares are redeemed within 12 months of purchase (excluding shares purchased with reinvested dividends and/or distributions). Effective September 1, 2007, for shares purchased on or after September 1, 2007 (whether as a lump sum, or pursuant to our letter of intent program, or otherwise), a 1% CDSC will apply to investments at or above the $1 million breakpoint if shares are redeemed within 24 months of purchase (excluding shares purchased with reinvested dividends and/or distributions), and corresponding references in the Prospectus are hereby modified accordingly. Investments in shares purchased prior to September 1, 2007 at or above the $1 million breakpoint will continue to be subject to a 1% CDSC if shares are redeemed within 12 months of purchase (excluding shares purchased with reinvested dividends and/or distributions).

III.

Please note the following important information with regard to the Class A shares of the Montana Tax-Free Fund, Inc., ND Tax-Free Fund, Inc. and The Integrity Funds ONLY:

 

Currently, the last paragraph under the heading “The Shares We Offer--Class A Shares” in the Prospectus for Montana Tax-Free Fund, Inc. and ND Tax-Free Fund, Inc., and the fourth paragraph under the heading “The Shares We Offer--Class A Shares” in the Prospectus for The Integrity Funds, generally refer to a commission of 0.75% and “up to” 0.75%, respectively, which may be paid by Integrity Funds Distributor, Inc. (“Integrity Funds Distributor”), out of its own resources, to broker-dealers who initiate and are responsible for purchases of Class A shares of $1 million or more. The commission percentage is being changed to 1.00% for applicable purchases occurring on or after August 15, 2007. Accordingly, effective August 15, 2007, the foregoing paragraphs are hereby replaced with the following:

For each Fund, with respect to Class A shares, if you invest $1 million or more, either as a lump sum or through our rights of accumulation quantity discount or letter of intent programs, you can buy Class A shares without an initial sales charge. Integrity Funds Distributor may pay a commission of 1.00%, out of its own resources, to broker-dealers who initiate and are responsible for the purchase of Class A shares of $1 million or more.

In addition, consistent with the modifications to the Prospectuses described above, effective August 15, 2007, the seventh paragraph under the heading “Purchase and Redemption of Shares--Additional Information on Purchases and Redemptions” in the SAIs for Montana Tax-Free Fund, Inc., ND Tax-Free Fund, Inc. and The Integrity Funds, which, in each case, currently refers to a commission of 0.75%, is hereby replaced with the following:

For each Fund, with respect to Class A shares, if you invest $1 million or more, either as a lump sum or through our rights of accumulation quantity discount or letter of intent programs, you can buy Class A shares without an initial sales charge. Integrity Funds Distributor may pay a commission of 1.00%, out of its own resources, to broker-dealers who initiate and are responsible for the purchase of Class A shares of $1 million or more.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

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