Fannie Mae-No Politics (FNMA)

[Dollars1]

Dear Shareholder,

The following article by Gretchen Morgenson, published in The New York Times yesterday evening, highlights the growing congressional scrutiny of the Treasury Department’s legally questionable actions toward Fannie Mae and Freddie Mac.

“Charles Grassley Questions Diversion of Fannie and Freddie Earnings”

Kind regards,

Investor Relations
Fairholme Distributors, LLC (4/15)

Fairholme Funds, Inc.
4400 Biscayne Blvd.
9th Floor
Miami, FL 33137