Integrity Mutual Funds posted another loss last quarter, though not as big as in the fourth quarter. On Tuesday the Minot, North Dakota-based fund firm revealed a Q1 2009 net loss of $147,141, down from a net income of $284,287 in Q1 2008 and up from a net loss of $4.2 million in Q4 (see MFWire, 3/18/2009).

Meanwhile, Integrity's not staying put. The firm is slated to sell its fund business next month to a a new company, Corridor Investors, set up by Viking Fund Management employees and Integrity employees (see MFWire, 3/10/2009).

Post-sale, Integrity will re-brand and re-focus on its brokerage subsidiary, Capital Financial Services. 

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