The Fairholme Focused Income Fund Announces Dividend

Rhea-AI Summary

On March 26, 2021, the Fairholme Focused Income Fund (FOCIX) announced an Ordinary Income dividend of $0.02776 per share for shareholders of record as of March 25, 2021. The Net Asset Value (NAV) of the Fund will be reduced by this dividend distribution. Key dates include the record date on March 25, the ex-dividend and payable dates on March 26, 2021. Investors should consider the Fund's investment objectives and risks outlined in the prospectus. Past performance is not a guarantee of future results.

Positive

• Ordinary Income dividend of $0.02776 per share enhances income for shareholders.

Negative

• NAV reduction due to dividend distribution may impact perceived value.

On March 26, 2021, the Fairholme Focused Income Fund (“FOCIX” or the “Fund”) distributed an Ordinary Income dividend of $0.02776 per share to shareholders of record as of March 25, 2021. The Fund’s Net Asset Value (“NAV”) was reduced by the amount of the distribution.

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

THE FAIRHOLME FOCUSED INCOME FUND

Distribution Type	Record Date	Ex-Dividend Date	Payable Date	Cents-Per-Share
Ordinary Income	March 25, 2021	March 26, 2021	March 26, 2021	$0.02776

Past performance is not a guarantee of future results.

The 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 (866) 202-2263 or visiting our website www.fairholmefunds.com. Read it carefully before investing.

Investing in the Fund involves risk including loss of principal. The Fund is a non-diversified mutual fund, which means that the Fund invests in a smaller number of securities when compared to more diversified funds. This strategy exposes the Fund and its shareholders to greater risk of loss from adverse developments affecting portfolio companies. The 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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210326005430/en/

FAQ

What is the dividend amount for FOCIX announced in March 2021?

The Fairholme Focused Income Fund (FOCIX) announced a dividend of $0.02776 per share.

When is the payable date for the March 2021 dividend for FOCIX?

The payable date for the March 2021 dividend for FOCIX is March 26, 2021.

What are the key dates related to the FOCIX dividend distribution?

Record Date: March 25, 2021; Ex-Dividend Date: March 26, 2021; Payable Date: March 26, 2021.

Where can I find more information about the Fund's investment risks?

More information about the Fund's investment objectives and risks can be found in the prospectus available at Fairholme's website.