ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

TFCIX Third Avenue Focused Credit Fund - Institutional Cl (MM)

0.00
0.00 (0.00%)
Name Symbol Market Type
Third Avenue Focused Credit Fund - Institutional Cl (MM) NASDAQ:TFCIX NASDAQ Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0 -

SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind Investors of Class Action Involving Third Avenue Focused Credit Ins...

23/02/2016 6:56pm

Business Wire


Third Avenue Focused Credit Fund - Institutional Cl (MM) (NASDAQ:TFCIX)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Third Avenue Focused Credit Fund - Institutional Cl (MM) Charts.

The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Central District of California, Western Division, on behalf of investors who purchased Third Avenue Focused Credit Institutional Fund & Investor Fund (NASDAQ: TFCIX, TFCVX) securities between March 1, 2013 and December 10, 2015.

Click here to learn about the case: http://docs.wongesq.com/TFCIX-Info-Request-Form-1091. There is no cost or obligation to you.

The complaint alleges that, in violation of the Securities Act of 1933, Third Avenue’s prospectuses and registration statements contained material false and/or misleading statements regarding the Fund’s liquidity. In particular, the complaint alleges that Third Avenue Focused Credit Fund promised investors that it would place no more than 15% of its assets in illiquid securities, securities that could not be sold promptly at or near its carrying value. An analysis of the Fund’s holdings in 2013, 2014, and 2015 has revealed that the Fund consistently held more than 15% of its net assets in illiquid securities. The Fund’s excessive illiquidity meant that it could not promptly sell assets to meet growing redemptions without unloading them at fire sale prices, leading it to suspend redemptions and shut down the Fund on December 10, 2015.

If you suffered a loss in Third Avenue you have until March 29, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/TFCIX-Info-Request-Form-1091.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

Law Offices of Vincent WongVincent Wong, Esq., 212-425-1140Fax. 866-699-3880vw@wongesq.com

1 Year Third Avenue Focused Credit Fund - Institutional Cl (MM) Chart

1 Year Third Avenue Focused Credit Fund - Institutional Cl (MM) Chart

1 Month Third Avenue Focused Credit Fund - Institutional Cl (MM) Chart

1 Month Third Avenue Focused Credit Fund - Institutional Cl (MM) Chart

Your Recent History

Delayed Upgrade Clock