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First Investors Mutual Funds

Capital Gain Distributions

Listed below are the capital gain distributions per share for the First Investors Funds for 2011. These distributions were made to shareholders of record at the close of business on December 29, 2011. The tax status of these distributions will be provided in late January 2012.

Fund Name Short-Term Capital Gain Long-Term Capital Gain Total
Michigan Tax Exempt - $0.0228 $0.0228
Opportunity - $0.8880 $0.8880
Special Situations $0.1805 $1.5761 $1.7566