• How do I open a regular (non-IRA) account?
• How do I open an IRA account?
• How do I purchase additional shares?
• How do I redeem shares?
• How do I exchange shares between the Funds?
• How do I change the address of record for my account(s)?
• How do I sign up for electronic delivery of Fund reports and prospectuses?
• What is Householding?

To open a new account, you can use our secure online account application, or print out an application and mail it in, or you may request that one of our investment packets be sent out to you.

Reminder: The Weitz Funds are offered only by our Prospectus. Please read the Prospectus carefully before you invest or send money.

To establish a Traditional or Roth IRA, you can use our secure online account application, or print out an application and mail it in, or you may request that one of our investment packets be sent out to you.  You cannot open an IRA online that will be funded by an IRA Rollover, IRA Transfer of Assets, or Roth Conversion.

Transferring IRAs to Weitz Funds

To transfer funds from another IRA custodian to Weitz Funds, complete a Weitz Funds IRA Transfer/Rollover Form.  You may download this form from our website or call and request one.  If you do not already have an IRA with Weitz Funds, you must complete an IRA Application along with this form. Please submit a copy of your most recent IRA statement when you submit your transfer request.

Rollover from a Qualified Retirement Plan to Weitz Funds

To complete a rollover from a qualified retirement plan (such as a 401K or profit sharing plan) to an IRA with Weitz Funds, you must check with your retirement plan administrator to determine what other paperwork is necessary to make a distribution from your plan.

Roth IRA Conversions

To convert your Traditional IRA to a Roth IRA, complete a Weitz Funds Roth IRA Conversion Form as well as a new IRA Application to establish your Roth IRA. You may download these forms from our website or contact Client Services at 402-391-1980 or 800-304-9745 to request the forms. Remember that there are tax consequences and eligibility requirements for conversions to a Roth IRA. Consult your tax adviser before converting.

Changing Beneficiaries

You may designate beneficiaries when you establish your IRA by completing the Beneficiary Designation Section of the Weitz Funds IRA Application. To add, remove, or change beneficiaries, you must complete a Weitz Funds IRA Designation of Beneficiary Form. You may download this form from our website or call and request one.

You can purchase additional shares in an existing account by mail, by wire, by Internet, by telephone, or by automatic investment.

By Mail: Complete the remittance stub at the bottom of your statement, being sure to indicate the appropriate account and tax year if making an IRA contribution. Send the remittance stub along with a check made payable to Weitz Funds. If a remittance stub is not available, please supply the necessary information (name, address, account number, and amount of investment) on a separate piece of paper attached to your check. (Please note: We do not accept cash, money orders, post-dated checks, travelers checks, third-party checks, credit card convenience checks, instant loan checks, checks drawn on banks outside the U.S. or other checks deemed high risk checks.)

By Wire: Since you must notify Weitz Funds prior to wiring funds, please contact Client Services at 402-391-1980 or 800-304-9745 for our complete wiring instructions.

By Internet: If you have an existing account directly with Weitz Funds and you have established a User ID and bank instructions for your account, you can purchase additional shares of a Fund by logging into Account Access on our website.  Payment for online share purchases can only be made through your electronic bank transfer instructions.  If you have not previously established electronic bank transfer instructions for your account, you can do so by using the Account Access feature on our website or you can contact Client Services at 402-391-1980 or 800-304-9741 to obtain a form to add these instructions to your account.  This form can also be downloaded from our website.

By Telephone:  If you have an existing account directly with Weitz Funds and you have established electronic bank transfer instructions, you can purchase additional shares of a Fund over the telephone.  Please contact Weitz Funds Client Services at 402-391-1980 or 800-304-9745 for assistance.

By Automatic Investment: At the time you open an account, or at any time thereafter, you can choose to make automatic investments in shares of a Fund (minimum investment of $25) at regular intervals (on the 1st, 8th, 15th or 22nd day of the month or, if such day is not a business day, on the next business day) by completing the Automatic Investment Option of the purchase application or by downloading this form from our website. Your request to establish automatic investment service must be received by Weitz Funds at least three business days prior to the initial automatic investment. An automatic investment can also be established through the Account Access feature of our website.

Note for IRA accounts: We will assume that automatic contributions are for the current tax year unless you indicate otherwise on the Automatic Investment Form.

You can redeem shares of a Fund at any time in the following manner:

By Written Request: You can redeem shares of a Fund by sending a redemption request in writing to Weitz Funds. A written redemption request in good order should include the following:

• Your account name, account number and Fund name;
• The amount of the redemption being requested (specified in dollars or shares);
• The signature of all account owners exactly as they are registered on the account.  If you are a corporate or trust shareholder, the signature must be of an authorized person with an indication of the capacity in which such person is signing;
• A signature guarantee, if required; and
• Other supporting legal documents that may be required in the case of estates, trusts, guardianships, custodianships, partnerships, corporations and certain other accounts. (Corporate resolutions must be dated within six months of the redemption request.) You can call Client Services at 402-391-1980 or 800-304-9745 for information on which documents may be required.

Written redemption requests can be sent by mail or facsimile transmission to:

By Mail:
Weitz Funds
P.O. Box 219320
Kansas City, Missouri 64121-9320

By Certified or Overnight Delivery:
Weitz Funds
c/o Boston Financial Data Services
330 W. 9th Street
Kansas City, Missouri 64105

By Facsimile:
402-391-2125

By Telephone Request: If you have an individual account directly with Weitz Funds, you can redeem shares of a Fund over the telephone up to $100,000 per day. Telephone redemptions cannot be made from IRA accounts, retirement accounts, corporate accounts or certain other accounts. The ability to redeem shares by telephone is automatically established on any account for which telephone redemptions are available unless the account holder requests otherwise. A telephone redemption request can be made by calling 402-391-1980 or 800-304-9745. If an account has multiple owners, Weitz Funds may rely on the instructions of any one account owner. A telephone redemption request in good order should include the following:

• Your account name, account number and Fund name;
• The amount of the redemption being requested (specified in dollars or shares); and
• Other identifying information which is requested.

Please retain the confirmation number assigned to your telephone redemption as proof of your trade. Weitz Funds reserves the right to (i) refuse a telephone redemption if they believe it is advisable to do so; and (ii) revise or terminate the telephone redemption privilege at any time.

Weitz Funds will employ reasonable procedures to confirm that instructions communicated by telephone are genuine, which will include use of specific identifying information. When such procedures are followed, Weitz Funds will not be liable for losses caused by following telephone instructions which are reasonably believed to be genuine.

By Internet:  If you have an account directly with Weitz Funds and you have established a User ID, you can redeem shares of a Fund by logging into Account Access on our website.  You can redeem up to $100,000 per day.  Redemptions cannot be made online from corporate accounts or certain other accounts.  If your order is accepted after the close of regular trading on the New York Stock Exchange (NYSE), or on a day the NYSE is not open for regular trading, your redemption price will be the net asset value as computed on the next business day.

Redemption Payments

Payment for the shares redeemed will be made as soon as possible, but no later than seven days after the date of the receipt of your redemption request in good order. Payment will normally be made by check or, if you have established electronic bank transfer instructions, you can request to receive your redemption proceeds via electronic bank transfer or by wire to the bank account of record.  If you have not previously established electronic bank transfer instructions for your account, please contact Client Services at 402-391-1980 or 800-304-9745 for assistance with making a redemption via wire transfer. Weitz Funds reserves the right to require you to pay for the cost of transmitting the wire transfer. Your bank may also impose a charge to receive the wire transfer.

To protect you and Weitz Funds, any redemption request received within 15 days of an address change must be accompanied by a signature guarantee.

A redemption of shares is treated as a sale for tax purposes and, for the Value, Partners Value, Hickory, Partners III Opportunity, Balanced, Short-Intermediate Income and Nebraska Tax-Free Income Funds, will generally result in a short-term or long-term capital gain or loss, depending on how long you have owned the shares.

Once banking instructions are established on your account, you may indicate on any redemption request that you would like to have funds wired or sent via electronic bank transfer.

Note: A signature guarantee must be obtained from an institution participating in the Securities Transfer Agent Medallion Program. Such institutions typically include commercial banks that are FDIC members, trust companies, and member firms of a domestic stock exchange. “STAMP 2000 Medallion Imprints” is the only form of signature guarantee that will be accepted. A notary public is not an eligible guarantor. A signature-guaranteed request may not be faxed.

Withdrawing from your Weitz Funds IRA

To withdraw funds from your Weitz Funds IRA, complete the Weitz Funds IRA Withdrawal Statement. You may download this form from our website or call 402-391-1980 or 800-304-9745 to request one. The IRA Withdrawal Statement allows you to make one-time withdrawals or to set up a series of systematic withdrawals. All sections of the form must be completed before a distribution from your IRA can be made.

If you have an account directly with Weitz Funds and you have established a User ID, you can redeem shares from your IRA by logging into Account Access on our website.  You must have established electronic bank transfer instructions on your account in order to receive your redemption proceeds via electronic bank transfer.

Note: You must make a federal income tax withholding election for any withdrawal from an IRA. You may elect to withhold a percentage (not less than 10%) of the amount withdrawn, or you may elect not to withhold. You must specify your withholding election prior to making a redemption.

Remember that there are tax consequences, and sometimes penalties, for withdrawing funds from your Traditional or Roth IRA. You should seek competent tax advice any time you take a distribution from your IRA.

You can exchange shares of one Fund for shares of another Weitz Fund. Exchanges will only be made between accounts with identical registrations.  The ability to initiate such exchanges by telephone is automatically established on your account unless you request otherwise. You can request the exchange of shares by telephone or in writing in the following manner:

• Provide the name of the Fund you are exchanging from and the Fund you are exchanging to, the account name, account number and the dollar amount of shares to be exchanged; and
• Other identifying information which is requested.

If you have established a User ID, you can submit an order to exchange shares by logging into Account Access on our website.  If your order is accepted after the close of regular trading on the NYSE, or on a day the NYSE is not open for regular trading, the redemption price of the redeemed Fund and purchase price of the purchased Fund will be their respective net asset values as computed on the next business day.

Please retain the confirmation number assigned to your telephone or Internet exchange as proof of your trade.

You may also request an exchange by fax or by mail.

Please remember that exchanges made between the Funds may generate a taxable gain or loss.  It is always important to seek competent tax advice when making decisions that will impact your tax situation.

You can change the address on your account(s) online or by written request to Weitz Funds.  Your written request must be signed by all registered owners of the account and should include your account name(s), account number(s), and both your new and old addresses.  To change your address online, log into Account Access on our website and click on the "Change Address" button at the bottom of the Account Portfolio page.  To protect you and the Funds, any redemption request received within 15 days of an address change must be in writing and accompanied by a signature guarantee.

You may elect to receive our financial reports (Fund reports and prospectuses) online instead of receiving them in the mail. By electing to receive your financial reports electronically, you will not only save trees and get your reports faster, but you will help us reduce Fund expenses, which could lower your investment costs. At the present time, only financial reports will be available online. You will continue to receive paper copies of your shareholder statements and confirmations.

To start receiving these reports online, log into Account Access on our website and click on the "Electronic Delivery" button at the bottom of the Account Portfolio page. You will then be instructed to enter your email address and to give consent to receive your reports electronically. If you do not already have a User ID, you will need to establish one in order to log into Account Access.

Once you have elected to receive this information electronically, you will be sent an email notification that will contain a link to the most current Weitz Funds report as soon as the information is available. Simply click on the link or paste the link into your browser and you will have immediate access to Fund reports and prospectuses.

Many shareholders of Weitz Funds have family members living in the same home who also own shares of Weitz Funds.  In order to reduce the amount of duplicative mail that is sent to homes with more than one Fund account and to reduce Fund expenses, Weitz Funds will, until notified otherwise, send only one copy of each prospectus, shareholder report and proxy statement to each household address.  This process, known as "householding," does not apply to account statements, confirmations, or personal tax information.

If you do not wish to participate in householding, or wish to discontinue householding at any time, please call Client Services at 402-391-1980 or 800-304-9745.  We will resume separate mailings for your account within 30 days of your request.