sequoiafund.com
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HomeFund ReportsFund CommentaryProspectusAnnouncementsShareholder InformationHow To Invest/RedeemFund PerformanceAbout Sequoia FundSequoia Fund Closing InformationAs of December 10th, 2013, we have adopted a harder close for Sequoia. The Fund is closed to new investors, except for new accounts opened with us directly by existing shareholders of the Fund or existing clients of our firm, or members of their families. The Fund remains open to contributions from existing shareholders, though we reserve the right to reject any order to purchase Fund shares. Capital Gains Distribution On June 9, 2014, Sequoia Fund, Inc. made a long term capital gains distribution to shareholders of record on June 6, 2014. The distribution amount was $2.5364 per share. FUND OBJECTIVE AND PRINCIPAL INVESTMENT STRATEGY The Fund’s investment objective is long-term growth of capital. In pursuing this objective the Fund focuses on investing in equity securities that it believes are undervalued at the time of purchase and have the potential for growth. A guiding principle is the consideration of equity securities, such as common stock, as units of ownership of a business and the purchase of them when the price appears low in relation to the value of the total enterprise. No weight is given to technical stock market studies. The balance sheet and earnings history and prospects of each company are extensively studied to appraise fundamental value. The Fund normally invests in equity securities of U.S. and non-U.S. companies. The Fund may invest in securities of issuers with any market capitalization. The Fund typically sells the equity security of a company when the company shows deteriorating fundamentals, its earnings progress falls short of the investment adviser’s expectations or its valuation appears excessive relative to its expected future earnings. Ordinarily, the Fund’s portfolio is invested in equity securities of U.S. and non-U.S. companies. The Fund is not required, however, to be fully invested in equity securities and, in fact, usually maintains a portion of its total assets in cash and securities generally considered to be cash equivalents, including, but not limited to, short-term U.S. Government securities. Depending upon market conditions, cash reserves may be a significant percentage of the Fund’s net assets. The Fund usually invests its cash reserves principally in U.S. Government securities. SEQUOIA FUND, INC. | 9 West 57th St., Suite 5000 | New York, NY 10019-2701 Quote Snapshot provided by Ticker Technologies Inc. ©2014 Sequoia Fund Privacy Policy | Terms of Use Please consider the investment objectives, risks and charges and expenses of the Fund carefully before investing. The Fund's prospectus contains this and other information about the Fund. You may obtain a copy of the prospectus by clicking here or by calling 1-800-686-6884. Please read the prospectus carefully before investing.
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