To Nicholas Funds Shareholders:
Since the time Nicholas Company, Inc. (the Nicholas Funds’ Adviser) was founded over fifty years ago, we have consistently placed the interests of our clients and shareholders first. The COVID-19 pandemic has challenged our country and industry in unprecedented ways, but we are prepared to ensure our client assets are actively managed and monitored. We have been closely monitoring the developing COVID-19 pandemic. We have taken precautionary measures to ensure the ongoing continuity of our investment process and the welfare of our staff. Out of an abundance of caution for the health of our employees and the community in which we live and serve, the office of Nicholas are currently closed to the public and will remain so until facts and circumstances warrant a reopening.
Though our physical offices may be closed to the public, our staff remains engaged in their daily processes and we are still open for business and remain 100% operational to meet the investment objectives of our clients and shareholders and our fiduciary duties. We have made significant investments and preparations over the last several years to enable us to serve our clients and shareholders through a variety of disaster scenarios. We are confident we can serve you with excellence while our employees are temporarily working from remote locations.
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The markets are currently overwhelmed with uncertainty, volatility and indiscriminate selling. We have managed investments through markets similar to this in the past and we are confident the markets will recover from these current imbalances. We remain focused on our philosophy of investing in what we believe to be high quality businesses for the long-term.
We wish all of you the best during these uncertain and trying times and thank you for your continued trust in the Nicholas Funds.
Nicholas Company, Inc.