Third Avenue Focused Credit Fund Distribution

June 15, 2016

The distributions of all share classes of the Third Avenue Focused Credit Fund are below.

Institutional Class – $0.543620/share

Investor Class – $0.543620/share

Record Date –  6/14/16

Ex- & Payable – 6/15/16

Please note this distribution is the second in a series of liquidating distributions;  there is no reinvestment option for this distribution.

Third Avenue Focused Credit Fund – Section 19 Notice (distribution date:  6/15/16)

Form 8937 Report of Organizational Actions Affecting Basis of Securities (distribution date:  6/15/16)

Please note that Third Avenue Funds does not provide tax advice and no information provided by Third Avenue Funds should be construed as tax advice. You should consult your tax adviser for professional guidance.