ANNOUNCEMENTS

Online Account Access Available Effective December 9, 2009
We have enhanced the online services available to shareholders through our website. Now, shareholders may check their account information online as well as purchase and redeem Fund shares. In addition, the following types of accounts may be opened through the website: individual, joint, Transfer on Death, and UGMA/UTMA accounts and Traditional and Roth IRAs. <read more>

Fund Reopened To New Investors On May 1st, 2008
The Fund’s Board of Directors decided at its meeting on April 11, 2008 to reopen the Fund to new investors effective May 1, 2008. It is not our intention to grow the size of the Fund rapidly. If we find we are not identifying enough good ways to invest our shareholders’ incremental capital contributions, we will advise the Board of Directors accordingly. The Fund reserves the right to close again. <read more>

The transcript of the 2009 annual meeting can be obtained by clicking the link(s) below:

Sequoia Fund 2009 Annual Meeting HTML | PDF

 

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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.

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 United States.