The Fairholme Focused Income Fund Announces Dividend

Rhea-AI Summary

The Fairholme Focused Income Fund (FOCIX) has announced a dividend distribution. On September 27, 2024, the Fund distributed an Ordinary Income dividend of $0.08584 per share to shareholders of record as of September 26, 2024. The Fund's Net Asset Value (NAV) was reduced by the amount of the distribution.

Key dates for the distribution are as follows:

• Record Date: September 26, 2024
• Ex-Dividend Date: September 27, 2024
• Payable Date: September 27, 2024

The press release also includes important information about the Fund's investment objectives, risks, and the importance of carefully considering the prospectus before investing.

Positive

• Distribution of Ordinary Income dividend to shareholders
• Timely payment of dividend on announced date

Negative

• Reduction in Fund's Net Asset Value by the amount of distribution
• Non-diversified nature of the Fund increases risk exposure

MIAMI--(BUSINESS WIRE)-- On September 27, 2024, the Fairholme Focused Income Fund (“FOCIX” or the “Fund”) distributed an Ordinary Income dividend of $0.08584 per share to shareholders of record as of September 26, 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	September 26, 2024	September 27, 2024	September 27, 2024	$0.08584

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 (9/24)

View source version on businesswire.com: https://www.businesswire.com/news/home/20240927940881/en/

Fairholme Funds, Inc.

Jodi Lin, 305-358-3000

Source: Fairholme Funds, Inc.

FAQ

What is the dividend amount for Fairholme Focused Income Fund (FOCIX) in September 2024?

The Fairholme Focused Income Fund (FOCIX) distributed an Ordinary Income dividend of $0.08584 per share on September 27, 2024.

When is the record date for FOCIX's September 2024 dividend?

The record date for FOCIX's September 2024 dividend is September 26, 2024.

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

Key risks include the Fund's non-diversified nature, which increases exposure to adverse developments affecting portfolio companies, interest rate risk, and credit risk associated with debt securities.

How does the dividend distribution affect FOCIX's Net Asset Value?

The Fund's Net Asset Value (NAV) was reduced by the amount of the distribution.