March 29 Deadline Alert: Law Offices of Howard G. Smith Reminds Third Avenue Focused Credit Fund Investors of Upcoming Lead P...

Law Offices of Howard G. Smith reminds investors of the upcoming March 29, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Third Avenue Focused Credit Institutional Fund (TFCIX) and Third Avenue Focused Credit Investor Fund (TFCVX) (“Third Avenue” or the “Company”) securities between March 1, 2013 and December 10, 2015, inclusive (the “Class Period”). Third Avenue investors are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights.

The complaint alleges that the Company made materially false and misleading statements, or otherwise breached its fiduciary duties to investors, concerning Third Avenue’s liquidity and ability to handle volatile market conditions coupled with investor redemptions. While the Company informed investors that no more than 15% of its assets would be held in illiquid investments, the Company in fact consistently held a high percentage of its assets in illiquid investments, thereby exposing Third Avenue investors to undisclosed risks. Investors were damaged when declining asset prices and customer redemptions caused Third Avenue to suspend customer redemptions and place the fund’s assets in a liquidating trust.

If you purchased Third Avenue securities, you may move the Court no later than March 29, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], toll-free at [phone], or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160328005046/en/

Law Offices of Howard G. SmithHoward G. Smith, [e-mail]