Midas Announces June 29, 2009 Distribution Payments

Mon Jul 6, 2009 6:20pm EDT

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  NEW YORK, NY, Jul 06 (MARKET WIRE) -- 
Midas Fund, Inc. (NASDAQ: MIDSX) and Midas Perpetual Portfolio, Inc.
(NASDAQ: MPERX) today announced the following per share distribution
payments on June 29, 2009 to shareholders of record on June 26, 2009:


Fund                                        Distribution per Share
------------------------------------------------------------------------
Midas Fund                                  Ordinary income of $0.0425
                                            No capital gain distribution

Midas Perpetual Portfolio                   Ordinary income of $0.008
                                            No capital gain distribution

    
The distribution for Midas Fund represents ordinary income earned in
fiscal 2008. The distribution for Midas Perpetual Portfolio represents
short term capital gains earned in fiscal 2008 and 2009. All taxable
shareholders will receive written notification in 2010 on Form 1099-DIV
regarding the components and tax treatment for all 2009 distributions.

    The distributions were reinvested in your account or paid out in cash,
according to the instructions associated with your account. Please call us
at 1-800-400-MIDAS (6432) if you have any questions or would like further
information.

    The Midas Funds are managed by Midas Management Corporation, a subsidiary
of Winmill & Co. Incorporated, which is engaged through subsidiaries in
stock market and gold investing through its investment management of
equity and gold mutual funds. To learn more about the Midas Funds, please
visit www.MidasFunds.com.

    

Contact:
Midas Funds
Shareholder Services
1-800-400-MIDAS (6432)
www.MidasFunds.com

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