Individual Retirement Accounts (IRA)

In addition to regular accounts, the Fund offers IRAs and other tax-advantaged retirement plans. Contributions to these plans are invested in shares of the Fund; dividends and other distributions are reinvested in shares of the Fund. Individual Retirement Accounts became available in 1975. The IRA is a trust or custodial account set up in the United States for the exclusive benefit of the individual (or the benefit of his/her beneficiaries). The main purpose of the IRA is to allow the individual to save money for later years. In an IRA, earnings are tax free or deferred (depending on the type of IRA) until the time of distribution. Annual IRA contributions may also be deducted on the individual's tax return.

Through Northeast Growth Fund, an assortment of IRA plans are offered to individuals seeking investments for the future.

You may download our IRA applications or email us a request using our Contact Form and we will mail a printed copy to you.

Traditional IRA

Everyone who receives compensation or earned income and who is under the age of 70.5 can have a Traditional IRA, including participants in an employer-sponsored retirement, 401(k) or profit sharing plan, or Simple IRA plan maintained by the employer. Under current tax laws if you, or yourself and your spouse, are an active participant in such a plan and your income exceeds a certain level, all or part of your IRA contribution may not be tax deductible.

Roth IRA

The Roth IRA is a nondeductible IRA with incentives for tax-free distributions. Earnings will be tax-free if held in the plan for 5 years and distributed for an IRS "qualified reason." A distribution of contribution amounts is always nontaxable and available at anytime.

Education Savings Account

An Education Savings Account is a custodial savings account established by a parent or another individual for the purpose of saving and paying for the qualified education expenses of a designated child under the age of 18. Qualified distributions (including earnings from the account) may be distributed tax-free, when used to pay education expenses.

Important Notice

May 19, 2017

Dear Fellow Shareholder:

For more than 30 years, Northeast Investors Growth Fund (the “Fund”) has sought to help shareholders build and preserve wealth. The Fund has survived market fluctuations, wide economic swings and a myriad of domestic and foreign political upheavals. Our mission has always been to consider first and foremost the long-term interest of our shareholders. In keeping with this mission, on May 18, 2017, the Board of Trustees of the Fund (the “Board”) approved the involuntary redemption of all the Fund’s shares outstanding as of June 29, 2017. The Board also approved the subsequent liquidation and dissolution of the Fund.

For some time, the Fund’s investment advisor, Northeast Management and Research Co., Inc. (the “Advisor”) and the Board have been monitoring the Fund’s size and have taken many steps to reduce the Fund’s expenses. The death of Billy Oates, the sole owner of the Advisor and President of the Fund, accelerated this discussion. The Board approved an interim contract allowing the Advisor to continue managing the Fund through July 14, 2017. However, in order to continue managing the Fund after that date, a meeting of the shareholders and subsequent vote to approve a new investment advisory agreement is required. The estimated cost of this effort would be high relative to the size of the Fund and such cost would be borne by the Fund’s shareholders. The Advisor and the Board considered alternatives to the Fund’s liquidation, including the possibility of the Advisor’s acquisition and the Fund’s combination with another mutual fund, but the Board determined that the Fund’s liquidation was in the best interests of the shareholders. Additionally, as you the shareholder know, the Fund is not part of a larger fund complex. It is a stand-alone Fund that does not afford investors different investment opportunities, making it less attractive to new investors. Finally, increasing regulatory burdens and associated costs of operating mutual funds have made it very difficult for the Fund to compete with larger funds that have the scale to manage these costs. After careful consideration, the Advisor recommended liquidation to the Board and the Board concluded that liquidation was in the best interest of the shareholders.

Prior to June 29, 2017, shareholders may continue to redeem their shares at their net asset value in accordance with the procedures set forth in the Fund’s Prospectus.

All shareholders will receive a package in the mail which will include this letter and a Transaction Request form with instructions on how to redeem their shares. IRA owners will receive this letter and an IRA Distribution form plus additional information regarding their redemption options.

All shares that are not redeemed prior to June 29, 2017 will be involuntarily redeemed at their net asset value on that date without any approval or action of shareholders.

We thank you for the time that you were a shareholder of the Fund and remind you that we at Northeast Management and Research Company, Inc. and our affiliated investment adviser, Northeast Investment Management, Inc., remain committed to providing a high level of service to all of our clients. If you have any questions, please call us at 1-855-755-6344 Monday through Friday from 9 a.m. to 8 p.m. Eastern time or visit our website at www.northeastinvestorsgrowthfund.com.

Sincerely,
Nancy M. Mulligan
President

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