If you own the Third Avenue Real Estate Value Fund (the “Fund”), Form 1099-DIV and Form 1099-B, if applicable, are expected to be issued in February 2021 after all necessary tax reclassifications are completed.
2020 Income & Capital Gain Distributions
Please be advised that the Third Avenue Funds paid distributions–details follow below. The information provided does not represent final tax information and therefore, should not be used in completing your income tax returns. These amounts are for informational purposes only and the final tax numbers may vary. For tax return preparation, please use your Form 1099-DIV, which should be mailed in early part of 2021.
Record date: 12/09/20
Ex-dividend & reinvestment date: 12/10/20
Payment date: 12/11/20
Income Per Share
|Short-Term Capital Gains
Per Share Treated as
|Long-Term Capital Gains
|Third Avenue Value Fund|
|Institutional Class (TAVFX)||$0.30070||$0.00000||$0.00000||$0.30070|
|Investor Class (TVFVX)||$0.21304||$0.00000||$0.00000||$0.21304|
|Z Class (TAVZX)||$0.33597||$0.00000||$0.00000||$0.33597|
|Third Avenue Small-Cap Value Fund|
|Institutional Class (TASCX)||$0.00000||$0.04606||$0.21877||$0.26483|
|Investor Class (TVSVX)||$0.00000||$0.04606||$0.21877||$0.26483|
|Z Class (TASZX)||$0.00000||$0.04606||$0.21877||$0.26483|
|Third Avenue Real Estate Value Fund|
|Institutional Class (TAREX)||$0.22824||$0.00000||$0.00000||$0.22824|
|Investor Class (TVRVX)||$0.15330||$0.00000||$0.00000||$0.15330|
|Z Class (TARZX)||$0.25348||$0.00000||$0.00000||$0.25348|
Each Fund’s closing net asset value (NAV) on December 10, 2020, will be reduced by the amount of the actual distribution plus or minus any market activity for the day. As always, please consult your tax advisor for information specific to your particular situation.
Please refer to the relevant Prospectus and SAI for additional information, including the effect of taxes on total returns. Neither Third Avenue Management LLC, nor the Third Avenue Funds provide tax or legal advice. Please consult with your attorney, accountant, and/or tax professional for advice concerning your particular situation.
Mutual funds periodically distribute income they earn to investors. By law, if a fund has net gains from the disposition of securities, or if it earns income from securities, it must pass substantially all of those earnings to its shareholders or it will be subject to corporate income taxes and excise taxes. These taxes would reduce investors’ total return.
It is the responsibility of any person or persons in possession of this material to inform themselves of and to take appropriate advice as to any applicable legal requirements and any applicable taxation and exchange control regulations in the countries of their citizenship, residence or domicile which might be relevant to the subscription, purchase, holding, exchange, redemption or disposal of any investments.