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New Hartford Fund Buys Stocks That Pay Dividends

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NU Online News Service, Sept. 3, 2003, 3:45 p.m. – The Hartford Mutual Funds Inc., Simsbury, Conn., has introduced The Hartford Equity Income Fund, a mutual fund that will invest in established, out-of-favor companies that pay dividends or expect to pay dividends within the next 12 months.

The fund will help investors take advantage of the new, 15% maximum federal tax rate on capital gains, Hartford Mutual Funds says.