Today the Fairholme Fund (FAIRX) distributed $2.00347 per share. Ordinary Income Dividends and Capital Gain Distributions were paid on December 16, 2010 to shareholders of record as of December 15, 2010. The Fairholme Fund’s NAV was reduced by the amount of the distribution. The unaudited year-to-date performance of the Fund is +19.79%.
The Record, Ex-Dividend, Payable Dates, Dollars-Per-Share, and Reinvestment NAV are as follows:
THE FAIRHOLME FUND
|Distribution Type||Record Date||
|Payable Date||Dollars-Per-Share||Reinvestment NAV|
|Ordinary Income||December 15, 2010||December 16, 2010||December 16, 2010||$0.31313||$34.04|
|Long-Term Capital Gains||December 15, 2010||December 16, 2010||December 16, 2010||$1.69034||$34.04|
Please refer to the prospectus for important information about the investment company including investment objectives, risks, charges and expenses. Click here for a current prospectus. For further information, please visit www.fairholmefunds.com .Performance information quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted herein. The Fairholme Fund imposes a 2.00% redemption fee on shares held less than 60 days. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced. Investing in the Fund involves risk including loss of principal. The Fund is non-diversified, which means that the Fund invests in a smaller number of securities when compared to more diversified funds. Therefore, the Fund is exposed to greater individual stock volatility than a diversified fund. The Fund also invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fund may also invest in “special situations” to achieve its objectives. These strategies may involve greater risks than other fund strategies.