Third Avenue Focused Credit Share Classes to be Combined

August 26, 2016

Re:         Cusip # 884116609, Ticker: TFCVX
Cusip# 884116708, Ticker: TFCIX
Fund NSCC MRO# 5829 (Alpha Code: MJ)

Please be aware that on Friday, August 26, 2016, the Third Avenue Focused Credit Fund will combine share classes so that all shares of the investor share class (Cusip # 884116609, TFCVX) will be converted into shares of the institutional share class (Cusip# 884116708, TFCIX) at its NAV.  The Fund is taking this step in conjunction with the Fund’s plan of liquidation.

  • A conversion from Investor Class shares to Institutional Class shares, as described above, should generally be a nontaxable exchange for federal income tax purposes.
  • The transaction should be reported on the F55 file with transaction type 22.
  • Class I to Class Merger Ratio:  1.00225814

Should you have any questions, please do not hesitate to contact the Broker Dealer Back Office Support team at BNY Mellon Asset Servicing at 1-877-332-2371.

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.