Fund Announcements


November 8, 2017

2017 Year-End Capital Gain Estimates


The estimated long-term capital gain distributions for 2017 are listed below. Distribution estimates are based on gains and losses realized through October 31. Estimates on a per-share basis for dividend income and short-term capital gains will be available in December. The Funds’ long-term approach to investing means that the capital gains realized in a particular year can be the result of an investment held over an extended period of time. The amount of capital gain distributions may vary year over year since the distributions are based on net capital gains realized each year.

Prior year-end distribution amounts can be found here.

Record Date: 12/18/17 (Monday)
Ex Date: 12/19/17 (Tuesday)
Payable Date: 12/20/17 (Wednesday)

Estimated Year-End Distributions of Long-Term Capital Gains
FPA Crescent Fund (FPACX)                 $0.60 per share
FPA Capital Fund, Inc. (FPPTX)            None
FPA International Value Fund (FPIVX)  None
FPA New Income, Inc. (FPNIX)             None
FPA Paramount Fund, Inc. (FPRAX)      None
FPA U.S. Value Fund, Inc. (FPPFX)       None

Please note that these are estimates only and are subject to change.

Please contact your tax advisor to review the impact of these capital gains on your situations and discuss possible tax strategies.

You should consider the Fund’s investment objectives, risks, charges and expenses carefully before you invest. The Prospectus details the Fund's objective and policies, charges, and other matters of interest to the prospective investor. Please read the Prospectus carefully before investing. The Prospectus may be obtained by visiting the website at www.fpafunds.com, by email at crm@fpafunds.com, toll-free by calling 1-800-982-4372 or by contacting the Fund in writing.

FPA Funds are distributed by UMB Distribution Services, LLC