Exhibit 99.1
 
Contact:
Lisa Aston
Investor Relations
210.308.1222
laston@usfunds.com
 
 
For Immediate Release

U.S. Global Investors Reports Financial Results for the Third Quarter of 2016 Fiscal Year
Company Streamlining Costs and Repositioning for Growth, Continuing Dividends and Share Repurchase Program
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SAN ANTONIO–May 12, 2016–
U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, today reported a net loss of $350,000, or ($0.02) per share, on operating revenues of $1.3 million for the quarter ended March 31, 2016. This was an improvement over the same quarter of the previous year, which had a net loss of $1.0 million, or ($0.07) per share, on operating revenues of $1.4 million. The 65 percent decrease in net loss is mainly due to a decrease in expenses.
In the prior quarter, the shareholders of the U.S. Global Investors Funds held a special meeting and approved the election of new trustees for the funds. This action, which the company endorsed, resulted in the funds becoming part of the family of funds that receive administrative, fund accounting, and/or transfer agency services from Atlantic Fund Services. The primary reason behind this initiative was to streamline costs to positively impact both the fund shareholders and GROW shareholders.
“This partnership with Atlantic is a win-win for fund shareholders and GROW shareholders, as it eliminates many expensive administrative and operational duties for the company and allows our streamlined team of highly skilled professionals to focus on improving mutual fund performance and building our growth strategy,” says Frank Holmes, CEO of U.S. Global Investors, Inc.

As a result of this change, U.S. Global Investors has dramatically reduced expenses by 27 percent compared to this quarter last year. The cost savings is due in part to the closure of the company’s limited-purpose broker-dealer subsidiary. The company is no longer responsible for paying certain distribution-related expenses for the U.S. Global Investors equity mutual funds, and will be reimbursed for other distribution expenses from the new distributor for the funds. In addition, the company has significantly fewer employees than the same time period a year ago.
The transition has had a positive impact on U.S. Global Investors’ net income and resulted in a more simplified income statement. Furthermore, this partnership has allowed the company to concentrate on its core competencies of money management and marketing/sales activities.

The following information was filed by U S Global Investors Inc (GROW) on Friday, May 13, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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