M&A: PERRITT FUNDS INC

Form Type: N-CSR

Filing Date: 2025-01-06

Corporate Action: Merger

Type: Update

Accession Number: 000113322825000159

Comments: The document reports on the performance and operations of the Perritt MicroCap Opportunities Fund for the fiscal year ending October 31, 2024. Notable points include a merger with the Perritt Ultra Microcap Fund, where the MicroCap Opportunities Fund is the surviving entity. The report disclosed that the Fund's net assets are approximately $62 million with a portfolio consisting of 126 holdings. The document details the fund's performance against benchmarks, noting a 17.56% return over the past year. It also includes financial statistics such as total investment income, expenses, and performance metrics relative to sector allocations. The report emphasizes the Fund's allocation strategy towards profitable companies despite recent fluctuations in investor preferences. The Fund’s top holdings and sector allocations are thoroughly listed, indicating a strong presence in industrials and consumer discretionary sectors, while detailing the annual operating expenses and audits.

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