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FPA Capital meeting postponed until 12/16/2020

TheShadowTheShadow
in Fund Discussions
https://www.sec.gov/Archives/edgar/data/99188/000110465920134148/tm2038239d1_defa14a.htm

FPA CAPITAL FUND, INC.
11601 Wilshire Boulevard, Suite 1200
Los Angeles, California 90025

NOTICE OF ADJOURNMENT

WE NEED YOUR HELP

December 10, 2020

Dear Shareholder,

We need your help. The Special Meeting of Shareholders of your Fund, FPA Capital Fund, Inc., was adjourned until December 16, 2020 to provide shareholders who have not yet cast their proxy vote, more time to do so. Our records indicate that you have not yet cast your proxy voting instructions. It is critical that we receive your response so that we may proceed with the important business of the Fund.

PLEASE take a moment to cast your vote TODAY. We wish to avoid any further costs associated with following up on this matter.

As discussed in more detail in the proxy statement sent to you via hard copy or e-delivery, shareholders are being asked to vote on an Agreement and Plan of Reorganization. FPA Capital Fund’s Board of Directors and its investment adviser, FPA, believe that reorganizing the Fund into the Acquiring Fund is in the best interest of the Fund and its shareholders, as it will combine the strengths of two organizations. Specifically, FPA believes that the Reorganization will combine the expertise of the sub-adviser managing the Acquiring Fund using similar types of securities and implementing a similar investment strategy, with the experience and resources of FPA, will provide both FPA Capital Fund and the Acquiring Fund with greater potential to attract additional assets and will potentially allow shareholders to benefit from economies of scale. There is no increase in fees in connection with this proposal. The Board of Directors recommends that shareholders vote “FOR” the proposal.

For more information, please refer to the proxy statement, which can be found at https://vote.proxyonline.com/fpa/docs/CapitalFund2020.pdf. If you have any proxy related questions, or would like to cast your proxy vote by phone, please call 1-888-605-1957 for assistance. Representatives are available Monday through Friday 9 a.m. to 10 p.m. Eastern time. We very much appreciate your attention to this matter...

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