2011 Important Dates and Tax-Related Materials

What?	When?	Who and Why?
Required Minimum Distribution	December 1	A letter will be mailed to investors who have reached 70½ or who will reach 70½ in 2011 reminding them of minimum distribution requirements.
Estimated Capital Gains	December 5	A letter will be mailed to nonretirement fixed income and equity investors with 10/31/11 capital gain estimates.
Record date	December 16	Record date for distributions.
Payable date	December 19	Distributions are paid.
Year-end Statements	January 9	To all shareholders.
Corporate DRD Letter	January 31	To corporate shareholders who may be eligible for the dividends received deduction (DRD).
1099-DIV	January 31*	To shareholders in nonretirement accounts who received taxable distributions in 2011.
1099-Q	January 31*	To shareholders in 529s or Education Savings Accounts (ESAs) who redeemed or exchanged shares in 2011.**
1099-B	January 31*	To shareholders (excluding money market funds and retirement accounts) who redeemed or exchanged shares in 2011. (Includes average cost information if applicable.)
1099-R	January 31*	To shareholders who received Individual Retirement Account (IRA) distributions in 2011.
1099-INT	January 31*	To shareholders in nonretirement accounts who received tax-exempt distributions in 2011.
Average Cost Statement	January 31*	To all shareholders (excluding money market funds and retirement accounts) who redeemed shares in 2011. Average cost information is reflected on the 1099-B forms.
1042-S	March 15	To shareholders with foreign tax withholding.
5498-ESA	April 30	To ESA shareholders who made contributions for 2011.
5498	April 30	To IRA shareholders who made contributions for 2011, including rollover contributions.

*Shareholders in the Global Real Estate Index Fund and the Multi-Manager Global Real Estate Fund will not receive tax information for those funds until February as Real Estate Investment Trusts (REITs) often don't provide complete tax information until after the calendar year-end.

**Northern Funds does not offer 529's.

If a date falls on a non business day or holiday, the Internal Revenue Service (IRS) due date is the next business day.

Note: Northern Funds does not provide tax reporting for: corporate accounts, institutional accounts and Northern Trust trust accounts.

Not FDIC insured | May lose value | No bank guarantee

An investment in Northern Funds is not insured by the FDIC, and is not a deposit or obligation of, or guaranteed by The Northern Trust Company or any affiliate. An investment in Northern Funds involves risks, including possible loss of principal.

Shares of the Northern Funds are offered only by a current Prospectus and are intended solely for persons to whom shares of US registered funds may be sold. This site shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of shares of the Northern Funds in any jurisdiction in which such offer, solicitation or sale would be unlawful.