MacKenzie Capital Management, LP Announces an Offer to Purchase Shares of Third Avenue Focused Credit Fund (NASDAQ:TFCIX) (NASDAQ:TFCVX)

MORAGA, CA--(Marketwired - April 06, 2016) - Affiliates of MacKenzie Capital Management, LP are offering to purchase up to 1,500,000 Shares of Third Avenue Focused Credit Fund, a series of the Third Avenue Trust (the "Trust") (NASDAQ: TFCIX) (NASDAQ: TFCVX) at a price of $2.00 per Share upon the terms and subject to the conditions set forth in the Offer to Purchase and in the related Letter and Assignment Form for the offer (which together constitute the "Offer" and the "Tender Offer Documents"). THE OFFER AND WITHDRAWAL RIGHTS EXPIRE AT 11:59 P.M., PACIFIC TIME, ON MAY 15, 2016.

Tenders of Shares made pursuant to the Offer is irrevocable. Tenders will be accepted on a first-come, first-served basis until 1,500,000 Shares have been accepted. Purchasers reserve the right to increase the number of Shares they are offering to purchase. The terms of the Offer are more fully set forth in the formal Tender Offer Documents which are available from Purchasers at the Purchasers' expense. The Tender Offer Documents may be obtained by written request to Purchasers or as set forth below. For Copies of the Tender Offer Documents, Call Purchasers at 1-800-854-8357, Make a Written Request Addressed to 1640 School Street, Moraga, California 94556, email to offers@mackenziecapital.com, or visit our website at www.mackenziecapital.com (click on Tenders).