March 8, 2012

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Aquila Investment Management Moves to Davis County

Press Release

March 8, 2012

Aquila Investment Management LLC has relocated its Utah portfolio management office from Salt Lake City to 485 South 100 East in Bountiful.

Established in 1992, Tax-Free Fund For Utah seeks to provide as high a level of current income that is exempt from both Utah State and federal income taxes as is consistent with preservation of investors' capital.

“We are happy to continue serving our clients from our new location in Bountiful,” said Diana Herrmann, president and chief executive officer of Aquila Investment Management LLC.  “We are fortunate to have a team with expertise and professionalism, and look forward to working together to ensure our investors receive the level of service they deserve.”

“While Tax-Free Fund For Utah invests exclusively in investment grade securities, Aquila has always believed in the importance of credit analysis to assist us in achieving the Fund’s objective,” continued Herrmann.

The Aquila Group of Funds occupies a niche market in the fund industry, offering a selection of seven single-state municipal bond funds, along with a high-yield corporate bond fund and an equity fund. Aquila Investment Management LLC is the lead organization of several affiliated companies, which manage, administer, and market the Aquila Group of Funds, founded by its parent, Aquila Management Corporation.

Before investing in any of the Aquila Group of Funds, carefully read about and consider the investment objectives, risks, charges, expenses, and other information found in the Fund prospectus.  The prospectus is available from your financial advisor, or call 800-437-1020, or visit

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