Fairholme Focused Income Fund Distributes Ordinary Income Dividend
On March 28, 2025, the Fairholme Focused Income Fund (FOCIX) announced the distribution of an Ordinary Income dividend to its shareholders. The distribution amounted to $0.06955 per share.
Distribution Details
The record date for this distribution was March 27, 2025. This means that shareholders of record on that date were eligible to receive the dividend. The ex-dividend date was two business days prior to the record date, meaning that shares had to be purchased before this date to be entitled to the dividend. The payable date was the date on which the dividend was actually paid out to shareholders.
Impact on Shareholders
The distribution reduced the Net Asset Value (NAV) of the Fund by the amount of the dividend paid out. This means that the value of each share in the Fund decreased by the dividend amount. However, shareholders received cash in the form of the dividend, which they could use for their own investments or expenses.
Impact on the World
The distribution by the Fairholme Focused Income Fund is just one example of the many distributions made by mutual funds and exchange-traded funds (ETFs) on a regular basis. These distributions can have a ripple effect on the economy, as shareholders reinvest their dividends or spend the cash they receive. The money can be used to purchase goods and services, invest in other assets, or pay down debt. Additionally, the distribution of dividends can provide a stable source of income for retirees and other investors living off their investments.
Conclusion
The distribution of an Ordinary Income dividend by the Fairholme Focused Income Fund is an important event for the Fund’s shareholders. The distribution reduces the NAV of the Fund but provides cash to shareholders, who can use it for their own financial goals. The impact of this distribution, and those of other mutual funds and ETFs, extends beyond the Fund itself, providing a source of income and economic stimulus.
- Fairholme Focused Income Fund distributes Ordinary Income dividend
- Record date: March 27, 2025; Ex-dividend date: March 25, 2025; Payable date: March 31, 2025
- Distribution amounted to $0.06955 per share
- NAV of the Fund was reduced by the distribution amount
- Cash was paid out to eligible shareholders
- Impact on the economy: Reinvestment or spending of dividends
- Stable source of income for retirees and investors
