During calendar year 2012, certain Nationwide Mutual Funds invested in securities issued by the United States government or other federal agencies (collectively, "U.S. Government Securities"). Under federal law, the interest on these securities is exempt from state taxation. Certain states also exempt from state income tax the dividend income a mutual fund shareholder receives that is derived from a Fund's investment in these U.S. Government Securities.
The table below provides the percentages of ordinary income dividends derived from investments in U.S. Government Securities for calendar year 2012. To determine the amount which may be exempt from state income tax, multiply the amount reported in box 1a of Form 1099-DIV by the percentage on the table.
California, Connecticut and New York require that a mutual fund maintain certain minimum investments in U.S. Government Securities in order for the dividend income derived from these obligations to be exempt from state income tax. None of the Funds listed below met these requirements for calendar year 2012.
This information is provided to you for informational purposes only and should not be considered tax advice. Please consult your tax advisor for further assistance.