Exhibit 99.1

 

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Susan Filyk

  

Public Relations

  

210.308.1286

sfilyk@usfunds.com

  

June Falks

  

Public Relations

  

210.308.1202

jfalks@usfunds.com

  

For Immediate Release

U.S. Global Investors Reports Results for the Third Quarter of 2013 Fiscal Year

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SAN ANTONIO–May 8, 2013–

U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisory firm specializing in natural resources and emerging markets, recorded net income of $41,167, or 0 cents per share, on revenues of $4.77 million for the quarter ended March 31, 2013.

Net income for the third quarter of fiscal year 2012 was $487,138, or 3 cents per share, on revenues of $5.54 million.

Average assets under management were $1.56 billion for the quarter ended March 31, 2013, compared to an average of $1.97 billion the same quarter a year ago, a decrease of about 21 percent. Period-end assets under management stood at $1.49 billion as of March 31, 2013, versus $1.89 billion under management as of March 31, 2012.

“Actively managed funds that invest in emerging markets, gold and natural resources continue to remain largely out of favor as investors focused on income-yielding stock and bond ETFs. As a result, assets in U.S. Global’s resource-related funds declined,” says Frank Holmes, U.S. Global Investors CEO. “On a positive note, effective March 31, 2013, U.S. Global closed on its strategic investment of a 50 percent stake in Toronto-based Galileo Global Equity Advisors.

“Galileo manages 320 million in Canadian dollars and is a successful, growing asset management firm,” says Holmes. “Its flagship fund recently received the 2013 Lipper Fund Award for ’Best Canadian Small/Mid Equity’ fund over five years. The fund is also ranked 5 stars by Morningstar among Canadian small/mid cap equity funds and pays monthly dividends to its shareholders.

“In addition to the Galileo investment, we continue to look for future accretive acquisition and investment opportunities to strengthen our business, focusing on improving our return on capital,” says Holmes. “We also are investing in our own company by buying back GROW shares.”


The following information was filed by U S Global Investors Inc (GROW) on Thursday, May 9, 2013 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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