On September 28, 2012, the Fairholme Focused Income Fund (NASDAQ:FOCIX) distributed an Ordinary Income dividend of $0.24207 per share to shareholders of record as of September 27, 2012. The Fairholme Focused Income Fund’s Net Asset Value (“NAV”) was reduced by the amount of the distribution.
The Record Date, Ex-Dividend Date, Payable Date, and Dollars-Per-Share are as follows:
THE FAIRHOLME FOCUSED INCOME FUND
|Distribution Type||Record Date||
|Ordinary Income||September 27, 2012||September 28, 2012||September 28, 2012||$0.24207|
The Fairholme Focused Income Fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the Fund, and it may be obtained by calling Shareholder Services at 1-866-202-2263 or visiting our website www.fairholmefunds.com. Read it carefully before investing.
Investing in the Fairholme Focused Income Fund (the “Income Fund”) involves risk including loss of principal. The Income Fund is a non-diversified mutual fund, which means that the Income Fund invests in a smaller number of securities when compared to more diversified funds. This strategy exposes the Income Fund and its shareholders to greater risk of loss from adverse developments affecting portfolio companies. The Income Fund’s investments are also subject to interest rate risk, which is the risk that the value of a security will decline because of a change in general interest rates. Investments subject to interest rate risk will usually decrease in value when interest rates rise and rise in value when interest rates decline. Also, securities with long maturities typically experience a more pronounced change in value when interest rates change. Debt securities are subject to credit risk (potential default by the issuer). The Income Fund may invest without limit in lower-rated securities. Compared to higher-rated fixed income securities, lower-rated debt may entail greater risk of default and market volatility.