November 11, 2013, Sequoia Fund, Inc. made a capital
gains distribution to shareholders of record on
November 8, 2013. The distribution amount was
$3.4027 per share.
The Fund's investment objective is long-term growth of capital.
In pursuing this objective, the fund focuses principally on
common stocks that it believes are undervalued at the time
of purchase and have potential for growth. A guiding principle
is the consideration of common stocks 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 investment are
extensively studied to appraise fundamental value.
While the Fund normally invests in U.S. companies, it also
may invest in foreign securities. The Fund is not required
to be fully invested in common stocks.
The Fund invests primarily in common stocks. The Fund invests
in the securities of a limited number of companies, including
foreign companies, that it believes have attractive long-term
economic prospects relative to their market price. The Fund
usually invests cash reserves in U.S. Government securities.
SEQUOIA FUND, INC.
| 767 Fifth Avenue | New York, New York 10153
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
Shares of the Fund are offered through the Fund’s distributor, Ruane,
Cunniff & Goldfarb LLC. Ruane, Cunniff & Goldfarb LLC is an affiliate
of Ruane, Cunniff & Goldfarb Inc. and is a member of FINRA. An investment
in the Fund is not a deposit of a bank and is not insured or guaranteed
by the Federal Deposit Insurance Corporation or any other government agency.
The Fund may be offered only to persons in the United States and by way
of a prospectus. This website should not be considered a solicitation or
offering of any product or service to investors residing outside of the