Fairholme Funds, Inc. December 2024 Dividend Distributions

Rhea-AI Summary

Fairholme Funds announced dividend distributions for two of its funds on December 13, 2024. The Fairholme Fund (FAIRX) distributed an Ordinary Income dividend of $0.21078 per share to shareholders of record as of December 12, 2024. Similarly, The Fairholme Focused Income Fund (FOCIX) distributed an Ordinary Income dividend of $0.06767 per share to shareholders of record as of December 12, 2024. Both distributions were paid on December 13, 2024, and the respective funds' Net Asset Values were reduced by the total amount of the distributions.

Positive

• Consistent dividend payment maintained for both funds
• Same-day dividend payment execution (December 13, 2024) showing operational efficiency

Negative

• NAV reduction by the distribution amount affects fund value
• Non-diversified fund structure exposes investors to higher individual stock volatility
• Exposure to interest rate risk and potential credit risk in the Income Fund

MIAMI--(BUSINESS WIRE)-- FAIRHOLME FUNDS, INC.

THE FAIRHOLME FUND (FAIRX)

On December 13, 2024, the Fairholme Fund (NASDAQ: FAIRX) distributed an Ordinary Income dividend of $0.21078 per share to shareholders of record as of December 12, 2024. The Fairholme Fund’s Net Asset Value (“NAV”) was reduced by the total amount of the distribution.

The Record Date, Ex-Dividend Date, Payable Date, and Cents-Per-Share are as follows:

Distribution Type	Record Date	Ex-Dividend Date	Payable Date	Cents-Per-Share
Ordinary Income	December 12, 2024	December 13, 2024	December 13, 2024	$0.21078
Total				$0.21078

THE FAIRHOLME FOCUSED INCOME FUND (FOCIX)

On December 13, 2024, the Fairholme Focused Income Fund (NASDAQ: FOCIX) distributed an Ordinary Income dividend of $0.06767 per share to shareholders of record as of December 12, 2024. The Fairholme Focused Income Fund’s Net Asset Value (“NAV”) was reduced by the total amount of the distribution.

The Record Date, Ex-Dividend Date, Payable Date, and Cents-Per-Share are as follows:

Distribution Type	Record Date	Ex-Dividend Date	Payable Date	Cents-Per-Share
Ordinary Income	December 12, 2024	December 13, 2024	December 13, 2024	$0.06767
Total				$0.06767

Past performance is not a guarantee of future results.

Investing in the Funds involves risks including loss of principal. The Funds’ investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the Funds, and it may be obtained by calling Shareholder Services at (866) 202-2263 or visiting our website www.fairholmefunds.com. Read it carefully before investing.

The Fairholme Fund is non-diversified, which means that The Fairholme Fund invests in a smaller number of securities when compared to more diversified funds. Therefore, The Fairholme Fund is exposed to greater individual stock volatility than a diversified fund. The Fairholme Fund also invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fairholme Fund may also invest in “special situations” to achieve its objectives. These strategies may involve greater risks than other fund strategies.

The Fairholme Focused Income Fund (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.

Foreside Funds Distributors LLC (12/24)

View source version on businesswire.com: https://www.businesswire.com/news/home/20241213557386/en/

Fairholme Funds, Inc.

Jodi Lin, 305-358-3000

Source: Fairholme Funds, Inc.

FAQ

What is the dividend amount for FAIRX in December 2024?

The Fairholme Fund (FAIRX) distributed an Ordinary Income dividend of $0.21078 per share on December 13, 2024.

When was the record date for FAIRX's December 2024 dividend?

The record date for FAIRX's December 2024 dividend was December 12, 2024.

How much was FOCIX's dividend distribution in December 2024?

The Fairholme Focused Income Fund (FOCIX) distributed an Ordinary Income dividend of $0.06767 per share.

How does the dividend distribution affect FAIRX's NAV?

The Fairholme Fund's Net Asset Value (NAV) was reduced by the total amount of the distribution ($0.21078 per share).

What are the key investment risks for FAIRX shareholders?

FAIRX is a non-diversified fund, exposing investors to greater individual stock volatility, foreign securities risks, and special situation investment risks.