MIAMI--(BUSINESS WIRE)--The Board of Directors of Fairholme Funds, Inc. has approved the re-opening of The Fairholme Fund (NASDAQ:FAIRX) to new investors. Effective August 19, 2013, The Fairholme Fund will offer its shares to new investors and begin accepting orders for the purchase of Fund shares from new investors. The decision to re-open the Fund to new investors was based on the expectation that, given the Fund’s current holdings, investment opportunities, and liquidity, inflows from new investors can be invested in a manner that is consistent with the Fund’s investment objective and strategies.
The Fund retains the right to suspend the sale of its shares to investors in the future.
A supplement to the Fund’s Prospectus and Summary Prospectus, which has been filed with the Securities and Exchange Commission, provides additional information about the terms of the Fund’s offering.
Mutual fund investing involves risks, including loss of principal. The investment return and principal value of an investment in The Fairholme Fund will fluctuate; an investor’s shares, when redeemed, may be worth more or less than their original cost. The Fairholme Fund makes and has made focused investments in a limited number of issuers and does not seek to diversify its investments. This exposes The Fairholme Fund to the risk of unanticipated industry conditions and risks particular to a single company or the securities of a single company. The Fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The Fund’s Prospectus and Summary Prospectus, which should be read carefully before investing, contain this and other important information about the Fund, and may be obtained by calling Shareholder Services at 1-866-202-2263 or visiting our website www.fairholmefunds.com.