Third Avenue funds to close

Third Avenue Real Estate Value Fund (TAREX) and Third Avenue International Value Fund (TAVIX) will close to new investors at the close of business on June 30, 2005.

Third Avenue Real Estate Value Fund, with assets of $2.7 billion, seeks long-term capital appreciation by investing in undervalued real estate and real estate oriented securities.



Third Avenue International Value Fund, with assets of $1.3 billion, seeks long-term capital appreciation by investing in undervalued foreign securities.



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