The Fairholme Focused Income Fund Announces Dividend

Rhea-AI Summary

On March 31, 2023, Fairholme Focused Income Fund (FOCIX) distributed an ordinary income dividend of $0.06970 per share to shareholders of record as of March 30, 2023. The Fund's Net Asset Value (NAV) was reduced by the amount of the distribution. Key dates include the Record Date on March 30, 2023, the Ex-Dividend Date on March 31, 2023, and the Payable Date also on March 31, 2023. Investors should carefully consider the Fund's investment objectives, risks, charges, and expenses before investing as noted in the Fund's prospectus.

Positive

• Dividend distribution of $0.06970 per share showcases the Fund's commitment to return income to shareholders.

Negative

• Reduction in the Fund's Net Asset Value (NAV) due to the dividend distribution may impact investor perception.

MIAMI--(BUSINESS WIRE)-- On March 31, 2023, the Fairholme Focused Income Fund (“FOCIX” or the “Fund”) distributed an Ordinary Income dividend of $0.06970 per share to shareholders of record as of March 30, 2023. 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 30, 2023	March 31, 2023	March 31, 2023	$0.06970

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.

Foreside Funds Distributors LLC (3/23)

View source version on businesswire.com: https://www.businesswire.com/news/home/20230331005380/en/

Fairholme Funds, Inc.

Jodi Lin, 305-358-3000

Source: Fairholme Funds, Inc.

FAQ

What is the dividend amount for FOCIX in March 2023?

The dividend amount for Fairholme Focused Income Fund (FOCIX) in March 2023 is $0.06970 per share.

When was the record date for the FOCIX dividend?

The record date for the FOCIX dividend was March 30, 2023.

What are the important dates related to the FOCIX dividend?

Important dates for the FOCIX dividend include: Record Date - March 30, 2023; Ex-Dividend Date - March 31, 2023; and Payable Date - March 31, 2023.

Is the dividend for FOCIX sustainable?

Investors should review the Fund's prospectus and consider its investment objectives and risks to evaluate the sustainability of the dividends.