The Fairholme Focused Income Fund Announces Dividend

Rhea-AI Summary

The Fairholme Focused Income Fund (FOCIX) announced an Ordinary Income dividend of $0.09304 per share, distributed to shareholders of record as of June 27, 2024. The Net Asset Value (NAV) of the Fund was reduced by the distribution amount. The Record Date, Ex-Dividend Date, and Payable Date for the dividend is June 27, 2024, and June 28, 2024, respectively. Past performance does not guarantee future results, and the Fund's investment in a smaller number of securities exposes it to greater risk of loss. The Fund is susceptible to interest rate and credit risks, with potential investments in lower-rated debt securities that carry higher default and market volatility risks. For more information, investors are advised to consult the Fund's prospectus.

Positive

• Ordinary Income dividend of $0.09304 per share distributed to shareholders.
• Dividend announcement reflects company confidence in financial stability.

Negative

• NAV reduced by the dividend distribution amount.
• Fund's non-diversified investment strategy exposes it to higher risk of loss.
• Investments subject to interest rate risk and potential decline in value.
• Exposure to lower-rated securities increases risk of default and market volatility.

MIAMI--(BUSINESS WIRE)-- On June 28, 2024, the Fairholme Focused Income Fund (“FOCIX” or the “Fund”) distributed an Ordinary Income dividend of $0.09304 per share to shareholders of record as of June 27, 2024. 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	June 27, 2024	June 28, 2024	June 28, 2024	$0.09304

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 (6/24)

View source version on businesswire.com: https://www.businesswire.com/news/home/20240628195253/en/

Fairholme Funds, Inc.

Jodi Lin, 305-358-3000

Source: Fairholme Funds, Inc.

FAQ

What dividend did the Fairholme Focused Income Fund (FOCIX) distribute on June 28, 2024?

The Fairholme Focused Income Fund (FOCIX) distributed an Ordinary Income dividend of $0.09304 per share.

When was the Record Date for the FOCIX dividend in June 2024?

The Record Date for the FOCIX dividend was June 27, 2024.

How did the dividend distribution affect the NAV of the Fairholme Focused Income Fund?

The Net Asset Value (NAV) of the Fairholme Focused Income Fund was reduced by the amount of the dividend distribution.

What are the risks associated with investing in the Fairholme Focused Income Fund (FOCIX)?

The Fund's non-diversified strategy exposes it to higher risk of loss, interest rate risk, and credit risk, especially with investments in lower-rated debt securities.

What key dates should shareholders remember for the FOCIX dividend in June 2024?

Shareholders should note the Record Date of June 27, 2024, and the Ex-Dividend and Payable Date of June 28, 2024.